Goldman Sachs Posts $3 Billion Quarterly Earnings

Courtesy NPR Programs: Morning Edition  Thu, 10/15/2009 - 7:40am

Goldman Sachs announced Thursday that its quarterly earnings nearly quadrupled from a year ago. The Wall Street bank said it made about $3 billion in the third quarter.

Goldman has emerged as one of the winners from the financial crisis. Not so for Citigroup, which told shareholders Thursday that it lost more than $3 billion last quarter.

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