Goldman profit rises on banking, mortgage trades
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Goldman Sachs Group Inc  said on Tuesday its fourth-quarter earnings rose as a timely bet against subprime mortgages and higher investment banking fees helped it sidestep the credit crunch that hammered the rest of Wall Street.
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NEW YORK, December 16  - Goldman Sachs Group (GS.NYS) reported sequential earnings growth of 36% for 4Q today. The renowned brokerage firm reported earnings of $1.19 billion or $2.36 per share
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Goldman Sachs Group Inc  said on Thursday that quarterly earnings surged 79 percent as revenue from investment banking and trading increased despite turbulent summer markets.
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U.S. stocks climbed on Tuesday,  boosted by financial stocks after several banks, including Bank  of America Corp. BAC.N, posted higher fourth-quarter profits.
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Goldman Sachs Group Inc's  bet  that securities backed by risky home loans would fall in value  brought nearly $4 billion of profits in the year ended November  30, the Wall Street Journal reported on its Web site on  Thursday, citing people familiar with its finances.
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Goldman Sachs reported profit of $3.2 billion, setting a record amid growing concern over falling stock prices and an imploding subprime mortgage market.
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NEW YORK -- Investment banking firm Morgan Stanley said yesterday that its third-quarter profit surged on stronger investment banking and trading business, surpassing analysts' expectations.
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Goldman Sachs Group Inc. , the largest investment bank by market value, said on Tuesday that its quarterly profit rose 93 percent on investment gains, banking fees and strong trading results.
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Goldman Sachs Group Inc.  barely managed to show a rise in quarterly profit as a sharp drop in fixed income trading revenue offset record investment banking fees and strong equities income.
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Investment bank Bear Stearns & Co.   Inc. BSC.N on Thursday said third-quarter net income rose,   helped by strong sales and trading results.
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Goldman Sachs Group Inc's  bet that securities backed by risky home loans would fall in value brought nearly $4 billion of profits in the year ended November 30, the Wall Street Journal reported on its Web site on Thursday, citing people familiar with its finances.
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Lehman Brothers Holdings Inc. ,  said on Tuesday that quarterly profit rose 27 percent, beating  expectations, on surging revenue from bond underwriting and  stock trading.
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Stock futures trimmed losses on Thursday after Goldman Sachs  posted earnings that beat Wall Street estimates, calming concerns about the impact of the credit crisis on the financial services sector.
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Goldman Sachs Group Inc. on Tuesday   said third-quarter profit fell less than expected as strong   investment banking results offset a summer slump in trading,   sending its shares higher.
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Goldman Sachs Group Inc. , the world's most profitable investment bank, said on Tuesday quarterly earnings nearly doubled on strong growth in almost every business.
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Investment bank Lehman Brothers  Holdings Inc.  on Tuesday said its second-quarter profit  rose 27 percent as surging bond underwriting and stock trading  revenue more than made up for bond trading results hurt by U.S.  mortgage weakness.
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Investment bank Lehman Brothers Holdings Inc. , said on Tuesday second quarter profit rose, helped by a surge in investment banking revenue.