Goldman Sachs reports second-quarter net profits of $3.44 billion as bank returns to pre-Lehman Brothers collapse levels of risk
Jul 14th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
HTML clipboardGoldman Sachs, the US investment bank, today
reported second-quarter net profits of $3.44 billion, or $4.93 a share.
Goldman’s profit was boosted by record quarterly revenues of $6.8 billion in
its fixed income, currency and commodities unit, where mortgage and other
credit instruments are traded, the bank
said in a statement. This business has performed well since the bank has
assumed pre-Lehman Brothers collapse levels of risk since the end of last
year.
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