Goldman Sachs Posts a 29 Percent Gain
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A quarterly profit of $3.2 billion was driven by increased trading volume and merger activity.
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Bank of America Corp. , the No. 3 U.S. bank, on Thursday said third-quarter profit rose 29 percent, helped by its purchase of FleetBoston Financial Corp. and growth in deposits and credit card issuance.
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NEW YORK -- Goldman Sachs Group Inc. on Tuesday said higher investment banking fees and smart bets in mortgage-backed bonds helped it easily beat Wall Street expectations for the fourth fiscal quarter.
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Goldman Sachs reported second-quarter earnings on Thursday.
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Goldman Sachs reiterated an &quot;outperform&quot; rating and raised estimates for third-quarter revenue and earnings before interest depreciation and amortization for Yahoo!
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Bank of America Corp. (BAC.N: Quote, Profile, Research) , the No. 3 US bank, on Thursday said third-quarter profit rose 29 percent, helped by its purchase of FleetBoston Financial Corp.
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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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Goldman Sachs and Lehman Brothers yesterday posted higher-than-expected quarterly profits, fuelled by surprising strength in bond trading and investment banking growth.
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Investment bank stocks rose Tuesday after Goldman Sachs and Lehman Bros. reported surprisingly strong third-quarter results, indicating that sluggish market conditions this summer did not dent Wall Street earnings.
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Goldman Sachs on Thursday said fourth-quarter profit rose 23 per cent as its fixed-income, currency and commodities business soared while a rebounding stock market boosted investment banking.
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Goldman Sachs Group Inc.  reported higher quarterly profit on Thursday, beating estimates, on record investment banking fees and strong stock trading.
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Goldman Sachs sees fourth quarter profits rise, after it correctly predicts mortgage bond values would fall.
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Goldman Sachs raised Citigroup Inc  debt to "outperform" from "in-line" on Friday, a day after the company said it plans to rescue $49 billion of structured investment vehicles.
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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.  and Lehman Brothers Holdings Inc.  on Tuesday posted higher-than-expected quarterly profits, fueled by surprising strength in bond trading and investment banking growth.
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Goldman Sachs Group Inc. (GS.N: Quote, Profile, Research) on Thursday said fourth-quarter profit rose 23 percent as its fixed-income, currency and commodities business soared while