God Bless Goldman!
Goldman Sachs is reporting a "robust turnaround" in performance (says the NY Times. ) That "robustness" translates into net earnings of $3.44 billion just for the second quarter of 2009. According to their own press release , GS business highlights include: *Ranking first in worldwide announced M&As for the year-to-date *Record quarterly net revenues of $736 million in equity underwriting *Repurchase of their stock form the TARP Capital Purchase Program It's been a heck of a great year for Henry Paulson's old employer.... According to today's NY Times story : "Many analysts are likely to welcome the news as another sign that the financial industry is stabilizing, and the Goldman results will probably set a positive tone for a slew of other bank results expected in the coming week. Other banks like JPMorgan Chase have been emerging as strong players since last year’s financial troubles, and analysts also expect them to record strong...