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Days After SEC Announces Investigation, Goldman Earns Huge Profit

Just days after Friday’s bombshell announcement that the SEC was investigating Goldman Sachs for its derivatives sales, the Wall Street investment firm announced it earned $3.46 billion in profit for the first quarter of 2010. This is nearly double last year’s Q1 profit of $1.8 billion.

Source: BBC News

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Posted by Dean Popplewell at 9:37 am UTC, 05/23/2012
Posted by Dean Popplewell at 9:32 am UTC, 05/23/2012
Posted by Staff at 7:27 am UTC, 05/23/2012
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May
23
Today’s Global
Market Events
All Day

EUR
EU Economic Summit
8:30am

CAD
Core Retail Sales m/m
0.5% vs. 0.5%
CAD
Retail Sales m/m
0.4% vs. -0.2%
CAD
Leading Index m/m
0.3% vs. 0.4%
10:00am

USD
New Home Sales
335K vs. 328K
USD
HPI m/m
0.4% vs. 0.3%
10:30am

USD
Crude Oil Inventories
0.8M vs. 2.1M
6:45pm

NZD
Trade Balance
400M vs. 134M
10:00pm

NZD
Annual Budget Release
10:30pm

CNY
HSBC Flash Manufacturing PMI
49.3