Goldman Sachs

The day’s market-moving news highlights bursting data in China’s GDP growth, weekly initial jobless claims and Goldman Sachs’ EPS results. However, President Obama, with the help of the Legion of Doom (read torch wielding liberals), will do his best to pour some water on what should otherwise have been a market catalyst of a day. Still, taming Wall   More

Related search terms: Goldman Sachs Mutual Funds, Goldman Sachs Asset Management, Goldman Sachs Research, History of Goldman Sachs, Goldman Sachs Careers, Goldman Sachs Commodity Index, Goldman Sachs Recruiting, Morgan Stanley, Lehman Brothers, Merrill Lynch, Bear Stearns, Marcus Goldman

User-Submitted Links for Goldman Sachs

Goldman Sachs posts Q4 profit and cuts bonus pool – Yahoo! N
Goldman Sachs Group Inc dramatically changed course on pay, setting aside nothing for compensation in the fourth quarter and instead giving $500 million to charity.

Goldman Sachs earns $4.79B in 4th quarter and 13.4B in 2008
Goldman Sachs Group Inc. said Thursday it earned $4.79 billion in the fourth quarter as the bank’s trading business again outdistanced the rest of the financial industry

Goldman Sachs: Recent News

Goldman Sachs cuts bonus pool; posts profit
NEW YORK (Reuters) – Goldman Sachs Group Inc, which had been on track to pay employees a near-record amount, instead set aside nothing for compensation in the fourth quarter and gave $500 million (309.6 million pounds) to charity..

Goldman Sachs 2009 pay up, profit soars
Goldman Sachs Group Inc. dished out 47 percent more in pay and bonuses to its employees in 2009 versus the previous year..

Goldman Sachs Earns $4.79B in 4th Quarter
Aggressive Trading, Reduction in Employee Compensation Fuels Nation’s Most Stable Bank.

Goldman Sachs cuts bonus pool
NEW YORK (Reuters) – Goldman Sachs Group Inc dramatically changed course on pay, setting aside nothing for compensation in the fourth quarter and instead giving $500 million (308.5 million pounds) to charity..

$13.4 Billion Earnings in Record Year for Goldman Sachs
The banking giant also said that it set aside $16.2 billion to pay employee bonuses in 2009..

Goldman Sachs Earns $4.79B In Fourth Quarter
Goldman Sachs earns 4.79B in fourth quarter.

Goldman Sachs bonus pool trimmed to $16bn
Average bonus at Goldman Sachs will be $500,000¢ LIVE blog: Wall Street’s day of reckoning as Obama hints he may reach for the nuclear optionWall Street bank Goldman Sachs declared that it was displaying “restraint” by slashing bonus payouts to its top-earning staff, although an average pay packet of $498,000 (£306,760) per employee was still sufficient to spark outrage in political and union circles.In a remarkable bounce-back from the darkest days of the global financial crisis, Goldman’s profits for 2009 leapt more than five-fold from $2.32bn to $13.4bn, amounting to roughly $36m per day, as its traders took full advantage of a recovery in stock markets, debt markets and commodity values.Reacting to a torrent of criticism over outsized bankers’ bonuses in an era of high unemployment and high street misery, Goldman sharply cut the proportion of its revenue allocated to pay from 48% to 35.8%, the lowest proportion since the bank went public in 1999. Its compensation pool amounted to $16.2bn, reduced by a $500m donation deducted from the pay of Goldman’s 400 senior partners to a charitable foundation, Goldman Sachs Gives.Goldman’s chief financial officer, David Viniar, said: “We’re not blind to the economic environment and the pain and suffering going on around the world, and we’re not deaf to calls for restraint. We’ve heard them.”The 32,500 people employed by Goldman include 5,500 staff in London who will be eligible for the chancellor’s one-off 50% tax on bankers’ bonuses of more than £25,000. The tax is likely to raise several hundred million dollars from Goldman, which has a reputation for offering some of the financial industry’s highest salaries and has become a poster boy for political accusations of excess.Viniar acknowledged that the bank’s operating environment had been “clearly helped by government actions and policies” aimed at fixing the global financial crisis.”We are certainly appreciative of the policies governments around the world put in place to help stabilise the world’s financial system,” he said. “We think they did a really, really good job.”Goldman’s revenue for 2009 doubled to $45bn. The driving force behind Goldman’s surge in earnings for the year was a leap in revenue at its trading and principal investments division from $3.71bn to $23bn.

Goldman Sachs gives away profits but faces new Glass-Steagall threat
Goldman Sachs has just announced near-record profits of $13.4bn, but bowed to mounting political fury by giving all of its fourth quarter bonus pool to charity. Will it be enough though– President Obama is due to speak later this afternoon after hinting he was preparing to reach for the nuclear option and ban Wall Street banks from taking risky investment bets with their money (so-called proprietary trading). This would be a huge upheaval, potentially equivalent in fact to the Glass-Steagall act that split the banks after the Great Crash of the 1930s. We’ll be following the action this afternoon to see what happens.2.35pm: The press conference call is over, but there is another one for analysts in a couple of hours (so we can see how the script varies). By then, we might have more details on Obama’s plans for propietary trading. We’ll try to find out more about this now and see what others are saying2.27pm: Phew.

Goldman Sachs earns $4.8B US in Q4
Goldman Sachs Group Inc. says it earned $4.79 billion US in the fourth quarter as the bank’s trading business again outdistanced the rest of the financial industry..

Goldman Sachs profit soars, pay increases
Goldman Sachs Group Inc. says it earned $4.79 billion in the fourth quarter as the bank’s trading business again outdistanced the rest of the financial industry.

Twitter Activity Snapshot

• RT @daveweigel: BREAKING: In wake of Citizens United ruling, Goldman Sachs announces presidential bid. "Let’s cut out the middleman," se …
• Goldman shrinks its bonus pool: Goldman Sachs sought to counter the public furore over pay by shrinking the portio… http://bit.ly/4E6V26
• too bad american journalism won\’t cover this, thanks UK: detailed examination of Goldman Sachs, w. executive interviews 1gqP8T !
• Goldman Sachs makes $4.79 billion profit. Hooray for market speculation!
• Doctor J reports on: Goldman Sachs, JPMorgan Chase, Potash, commodities & market conditions. http://bit.ly/7xqRnC
• RT @BorowitzReport: Goldman Sachs have stopped saying they are doing "God’s work," presumably because God can no longer afford them.
• NEWS: How Obama’s new Wall Street proposals will–and should–punish Goldman Sachs. http://ow.ly/16ofpd
• RT @daveweigel: In wake of Citizens United ruling, Goldman Sachs announces presidential bid. "Let’s cut out the middleman," sez company.
• Financial Times: Goldman shrinks its bonus pool: Goldman Sachs sought to counter the public fu… http://bit.ly/6UcOyz Greed Our Soul a bit
• RT @tweetmeme Obama, the banks and Goldman Sachs http://is.gd/6Kwy0
• Goldman Sachs CFO: Pure ‘Walled Off’ Proprietary Business At Firm Not Very Big: By Jessica Papini Of DOW JONES NEW… http://bit.ly/6xxUGj
• Goldman Sachs earns $4.79B in fourth quarter
  http://tiny.cc/I8wn9
• Goldman Sachs Profits Hit $4.8B, Pay Up 47% ~ The rich keep getting richer and Main street still continues to struggle ~ http://ow.ly/YYSa

News Media

BEFORE THE BELL: US Stock Futures Edge Lower After Wednesday Fall – Wall Street Journal
US stock market futures drifted lower on Thursday as investors face earnings from big names such as Goldman Sachs and Xerox and the …

Goldman Sachs, Xerox, unemployment claims in focus – MarketWatch
Goldman Sachs (NYSE:GS) said that its fourth-quarter net income was $4.95 billion, or $8.20 a share. Revenue for the quarter was $9.62 billion. …

How Obama’s New Wall Street Proposals Will Punish Goldman Sachs – Newsweek
I hope employees of Goldman Sachs and Morgan Stanley are enjoying the huge taxpayer-subsidized bonuses they're receiving this year. …

Goldman Sachs Earnings Aid Wall St.; China Worries – Jakarta Globe
Xerox, UnitedHealth and Goldman Sachs were among big companies that posted better-than-expected fourth-quarter results. In early trading on Thursday, …

Goldman Adds Colgate to ‘Conviction Buy’ List – ABC News
AP A Goldman Sachs analyst added Colgate-Palmolive Co. to his "Conviction Buy" list, predicting fourth-quarter profit will exceed Wall Street consensus …

SEPTA sues Goldman Sachs – Philadelphia Citypaper (blog)
Yancey @YanceyG said: SEPTA sues Goldman Sachs: This is an interesting little story, and I’m not quite sure what to make of it just yet…. …

Outflows hit Legg Mason, Goldman Sachs assets rise – Pensions & Investments
31, down 3% from the prior quarter and down 2.4% from the year before, while assets for Goldman Sachs increased nearly 3% for the quarter. …

Goldman Sachs: Financial Winners & Losers – TheStreet.com
NEW YORK (TheStreet) — Goldman Sachs' (GS Quote) fourth-quarter earnings beat was overshadowed Thursday by …

Goldman Employees Must Wait for Bonus News – Wall Street Journal
NEW YORK–Goldman Sachs Group Inc. will delay until next week the process of letting employees know how much they'll receive in year-end …

Popular News for Goldman Sachs

Goldman Sachs bankers ’set for 81% rise in bonuses’ | Business | The Observer
Analysts predict big payouts despite political pressure

Goldman Sachs staff must wait to hear size of bonuses | Business | guardian.co.uk
Delay has sparked speculation that Goldman is embarking on a full-scale revision of its bonus policy in response to Darling’s supertax

Goldman Sachs earns 4.79B in fourth quarter – Yahoo! News
Goldman Sachs earns 4.79B in fourth quarter (AP): AP – Goldman Sachs Group Inc. says it earned $4.79 billion … http://bit.ly/6UQyRT

Goldman Sachs bonus pool trimmed to $16bn | Business | guardian.co.uk
Average bonus at Goldman Sachs cut from $600,000 to $500,000

Building A Brand – Goldman Sachs Wealth Management – Role Of Branding In Marketing – Need Of Branding In Business Sucess | Business Blog
Building A Brand – Goldman Sachs Wealth Management – Role Of …: Branding is everything in business. Organisation… http://bit.ly/5sVOp0

Goldman Sachs Images