Goldman, Lehman earnings: good comes from the bad

Article Abstract:

Lehman Brothers Holdings Inc. reports a 57% net profit drop to $489 million, and Goldman Sachs Group Inc. a 53% net profit drop to $1.51 billion for the first quarter of 2008. Article discusses the investment banks' financial situation, stock value, and recent losses related to the subprime mortgage crisis.

Author: Craig, Susanne, Reilly, David
Forecasts, trends, outlooks, Securities issued, listed, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Securities industry, Securities, Lehman Brothers Holdings Inc., Company securities, Company business forecast/projection, Company forecasts, Financial report

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Goldman's earnings surge but shares drop 4%

Article Abstract:

The Goldman Sachs Group Inc. of the United States posted soaring net profit to $10.1 billion compared with $4.81 billion last year. Investors seem to be staying away from investment banking stocks as shares for The Goldman Sachs Group Inc. fell four percent to $139.25 on the New York stock exchange.

Author: Craig, Susanne
Company overview

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Goldman's net jumps 84% to record

Article Abstract:

The Goldman Sachs Group Inc. of the United States posted record third quarter earnings due to increased trading and investment banking turnovers. Net income was up 84 percent to $1.62 billion and net revenue rose 61 percent to $7.29 billion.

Author: Craig, Susanne
Company Profile

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Subjects list: United States, Investment banks, Company sales and earnings, Company earnings/profit, The Goldman Sachs Group Inc.
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