What about the Money they owe us?
Posted: Wed Jan 18, 2012 11:52 am
Goldman Sachs posts $1 billion profit
NEW YORK (CNNMoney) -- Goldman Sachs reported a fourth-quarter profit of about $1 billion on Wednesday, reversing a loss from the third quarter and topping expectations. But the company's revenue declined from a year ago and missed analysts' forecasts.
The firm, known for its lucrative annual bonuses, reported a 21% decline in compensation and benefits in 2011, to $12.2 billion. Even with the cuts, the average salary for a Goldman employee was $367,057, down from $430,700 in 2010. Goldman also trimmed its staff by roughly 7% in 2011.
Goldman reported earnings per share of $1.84 for the fourth quarter. Analysts were expecting a profit of $1.24 a share. Net income totaled $978 million in the fourth quarter, compared to a loss of $428 million in the third quarter. Goldman earned more than $2.2 billion in the fourth quarter of 2010.
The investment bank reported fourth-quarter net revenues of slightly more than $6 billion, up from $3.6 billion in the third quarter but down from $8.6 billion a year ago. Analysts had expected Goldman to report revenue of about $6.5 billion.
"Don't see any mention of their $10 billion dollar bailout money"?
http://thinkprogress.org/economy/2011/0 ... ?mobile=nc
"When they going to pay 'us' (taxpayers) back?
ref article:
http://money.cnn.com/2012/01/18/markets ... Stories%29
NEW YORK (CNNMoney) -- Goldman Sachs reported a fourth-quarter profit of about $1 billion on Wednesday, reversing a loss from the third quarter and topping expectations. But the company's revenue declined from a year ago and missed analysts' forecasts.
The firm, known for its lucrative annual bonuses, reported a 21% decline in compensation and benefits in 2011, to $12.2 billion. Even with the cuts, the average salary for a Goldman employee was $367,057, down from $430,700 in 2010. Goldman also trimmed its staff by roughly 7% in 2011.
Goldman reported earnings per share of $1.84 for the fourth quarter. Analysts were expecting a profit of $1.24 a share. Net income totaled $978 million in the fourth quarter, compared to a loss of $428 million in the third quarter. Goldman earned more than $2.2 billion in the fourth quarter of 2010.
The investment bank reported fourth-quarter net revenues of slightly more than $6 billion, up from $3.6 billion in the third quarter but down from $8.6 billion a year ago. Analysts had expected Goldman to report revenue of about $6.5 billion.
"Don't see any mention of their $10 billion dollar bailout money"?
http://thinkprogress.org/economy/2011/0 ... ?mobile=nc
"When they going to pay 'us' (taxpayers) back?
ref article:
http://money.cnn.com/2012/01/18/markets ... Stories%29
