investment bank

Goldman Sachs' Profits Fall But Beat Expectations

NPR Programs: Morning Edition  Tue, 04/19/2011 - 7:20am

The investment bank's profits dropped 21 percent in the first quarter, compared with the same quarter last year.

Its earnings per share took an even bigger hit — down more than 70 percent from last year. That's still better than what Wall Street analysts were expecting.

"We are pleased with the results," Goldman Sachs CEO Lloyd Blankfein said.


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Goldman Sachs: Better-Than-Expected Earnings

NPR Programs: Morning Edition  Wed, 07/15/2009 - 6:59am

The Wall Street financial firm reported profits of nearly $3.5 billion in the second quarter. It has set aside $6.6 billion for compensation.

The investment bank has paid back the government money it borrowed during the height of the financial crisis, so it's not subject to limits on pay.

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