Group items tagged

Filter: All | Bookmarks | Topics Simple Middle

shared by Kirll Shaman on 02 Dec 08 - Cached

Speculation Goldman Sachs Group Inc. will report a loss of as much as $2 billion shook Wall Street on Tuesday
...

Cancel
At the start of June, rumors began to circulate in the business press that Goldman's profit could fall as much as 30%
...

Cancel
When earnings came out June 17, Goldman's profit had slid only 11%, and shares reached $186.93 the next day, their highest price since early May.
...

Cancel
...3 more annotations...
in March, the same pattern emerged. Goldman earned $3.23 a share, topping Wall Street's consensus estimate of $2.57 a share
...

Cancel
Goldman is not simply managing profit expectations. It's unwinding big-bet trades as it seeks to become a commercial bank. Goldman is writing down the value of assets. Its business is changing.
...

Cancel
expectations for the bank in the long run that count most.
...

Cancel

shared by Kirll Shaman on 02 Dec 08 - Cached

New York investment bank, which has registered as a commercial bank, is likely to report a fiscal fourth-quarter loss of as much as $5 a share
...

Cancel

shared by Kirll Shaman on 12 Dec 08 - Cached

Goldman Sachs is considering changes to its retirement planning, a spokeswoman for the New York-based company said today. This will include raising the combined number of years of service and age to a total of 60 from 55,
...

Cancel
reduce head count by 10 percent
...

Cancel
cutting about 3,200 workers
...

Cancel
...2 more annotations...
$10 billion from the U.S. Treasury as part of the government’s finance-industry rescue plan.
...

Cancel
200,000 jobs as the worst financial crisis since the Great Depression saps revenue.
...

Cancel

shared by Kirll Shaman on 12 Dec 08 - Cached

30,000 to 35,000 positions over the next three years because of its acquisition of Merrill Lynch & Co. and the weak economic environment.
...

Cancel
Citigroup Inc. is planning to eliminate 52,000 jobs in the next year.
...

Cancel
Merrill in agreeing to buy the world’s largest securities brokerage in a stock transaction now valued at $19.6 billion
...

Cancel
...2 more annotations...
bank’s efficiency ratio, measuring its costs as a percentage of revenues, is about 43 percent, Whalen said. That compares with 53 percent at JPMorgan Chase & Co., the largest U.S. bank, and 66 percent at Citigroup,
...

Cancel
Citigroup trimmed the research staff by 3 percent in October and Goldman Sachs Group Inc. fired six equity analysts as it stopped covering 20 stocks and suspended research on 23.
...

Cancel

1 - 4 of 4

Showing 20▼ items per page