<< Read Full Article

Goldman Does It Again With Profit Beat

Stock quotes in this article: GS , LEH , MS , MER , VZ  

Updated from 2:02 p.m. EDT

Goldman Sachs(GS Quote) posted sliding second-quarter profits Tuesday, but easily topped Wall Street's expectations tempered by the lingering credit crunch.

The firm earned $2.09 billion, or $4.58 per share, for the second quarter, vs. $4.93 per share for the second quarter of 2007 and $3.23 for the first quarter of 2008. Analysts polled by Thomson Reuters had expected a profit of $3.42 a share.

While Goldman's stock was flat in trading Tuesday, the firm, which had thus far escaped the credit crunch relatively unscathed, appeared to have dodged another bullet. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,319.75 1,094.03 2,147.75 32.25
Oil *
76.90
DOWN
144.65
DOWN
16.60
DOWN
28.30
DOWN
0.54
10 Yr
3.22%
SPDR Gold
115.34
-1.38%
-1.49%
-1.30%
-1.65%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services