Goldman Sachs reports heroic earnings of $3 billion, investors stay cold

October 15, 2009 - 8:27am | Investment industry | News |
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Goldman Sachs reports heroic earnings of $3 billion, investors stay cold

 Goldman Sachs reported on Thursday that it third quarter earnings amounted over $3 billion. In the statement the company said that fixed income, commodities and currency trading buoyed its profits for the second straight quarter.

Meantime, heroic achievements of the investment company had little impression on the investors as its revenue from mergers and acquisitions operations showed a sharp fall that reflected the general slowness in takeover activity.

Overtaking other financial institutions for a number of years Goldman has remained the strongest banking company that survived the global financial turmoil.


 




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