Goldman Sachs Blowout
Quarterly profit at Goldman Sachs (GS) climbed to $2.29 billion, or $4.78 per share, after preferred stock payments in the three months ended May 26 from $865 million, or $1.71 per share, in the year-ago period. Results benefited from the $700 million sale of a power plant to General Electric Co.
In addition, they had major gains in their investment banking and trading division. This stock was down 4% today along with the rest of the financial sector. This increase in revenue and net income make the stock price of this company legitimate. GS is the highest quality bank out there. It may be a good time to get in after today's generous discount.
In addition, they had major gains in their investment banking and trading division. This stock was down 4% today along with the rest of the financial sector. This increase in revenue and net income make the stock price of this company legitimate. GS is the highest quality bank out there. It may be a good time to get in after today's generous discount.
posted by Stock Administrator @ 4:33 PM
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