NEW YORK (TheStreet) -- Shares of Goldman Sachs Group (GS) were up 1.04% to $208.53 in midday trading Wednesday, as a survey published earlier today showed that the company's bankers received the highest bonuses in London's banking industry this year.
Goldman Sachs bankers received an average bonus of about $300,000, which is roughly 14% more compared to peers at Morgan Stanley (MS), according to Emolument.com.
New York City-based Goldman Sachs is an investment banking, securities and investment management firm that offers a range of financial services to a diversified client base including corporations, financial institutions, governments and high-net-worth individuals.
Insight from TheStreet's Research Team:
Goldman Sachs is still about 10% off the all- time highs set back in 2007 just before the huge financial collapse crippled the giant investment bank, bringing it to its knees as the stock was cut drastically.
The talk in 2008 and 2009 was that investment banks like Citigroup , Morgan Stanley and JPMorgan might just disappear and buckle under all of the bad debt accumulated. But, if there is one thing we should know, it is NEVER to count out Goldman.