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- Stock symbol: GS
- Annual revenue (2007): $87.9 Billion
- Founder(s): Marcus Goldman
- Year Established: 1869
- Industry: Investment Banking
- Phone: 212-902-1000
- Fax: 212-902-3000
- HQ: New York, New York
- CEO: Lloyd C, Blankfein
- CFO: Gary D. Cohn
- Staff: 30,522
- Other key people: Jon Winkelried
- Name changed early in history to include Goldman's son-in-law, Samuel Sachs
- Average salary per employee: $600,000
- Integral to the launch of many IPO's
- Hermetic firm culture earned the nickname, "Wall Street's Secret Society"
- Employee yearly bonuses can be as much as $100 million
- Alumni include New Jersey governor Jon Corzine, White House Chief of Staff Josh Bolten, and actor Sacha Baron Cohen
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Founded in 1869, the New York-based Goldman Sachs is one of the largest investment banks in the world, with core businesses of investment banking, trading, and asset management and securities services.
Goldman Sachs has reported excellent earnings of $3.44bn for the second quarter of 2009, comfortably exceeding anayst forecasts. This comes a month after the company repaid $10bn it had received in federal assistance.http://www.nytimes.com/2009/07/15/business/15goldman.html
Key Dates
Recent Events- September 2008: Warren Buffett buys 5 billion dollars of Goldman Sachs stock.
- November 2008: Goldman Sachs posted a 4Q loss of $2.12B.
- December 2008: Goldman Sachs approved for TARP funds.
- June 2009: Goldman Sachs approved to repay TARP.http://www.huffingtonpost.com/2009/07/22/goldman-sachs-redeems-tar_n_243133.html
Past Events
Sub-prime Crisis
Goldman Sachs also manages sub-prime and other innovative mortgage products, which have gained increasing importance to the company in the 21st Century, such that circa early 2008, its exposure to the mortgage crisis has led to speculations of dire financial risk. On March 17, 2008, amid the collapse of Bear Stearns and its Federally-subsidized purchase by JP Morgan Chase, Goldman Sachs reported a quarterly profit of $1.5B -- above analysts' expectations, but half that of the same quarter in 2007. The firm reported that the drop was due to $2B of losses in residential mortgages, credit products, and investments. On September 17, 2008, in the wake of the Lehman Brothers bankruptcy and the bailout of AIG, Goldman Sachs stock fell 35 points before stabilizing toward the end of the day.Bloomberg.com: Morgan Stanley, Goldman Plummet After AIG Takeover (September 17, 2008)-
Goldman Sachs Questions
What type of securities does Goldman Sachs sell? 1 Answerstocks and bonds...bonds also, trades commodities but those aren't securities also sells advice but also not a security read more
Did Goldman Sachs sale $700 million of Lehman stock? 1 AnswerGoldman Sachs Group Inc executives sold almost $700 million worth of stock since the collapse of rival Lehman Brothers last year, the Financial Times said on Mo... read more
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Weather at Goldman Sachs Headquarters
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Current ConditionsNew York, NY as of Sun, 22 Nov 2009 3:51 am EST
Fair
46°F(7°C)Barometer: 30.24 rising Humidity: 73% Visibility: 10 mi Wind: 5 mph Sunrise: 6:50 am Sunset: 4:32 pm -
Today's Forecast
SunnyHigh: 55°F (12°C)
Low: 44°F (6°C) -
Tomorrow's Forecast
PM ShowersHigh: 51°F (10°C)
Low: 49°F (9°C)
Full Forecast at Yahoo! Weather (provided by The Weather Channel) -
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Google Products (Froogle)
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Goldman Sachs Group, Inc. - IT Sales Opportunities - 2008 [DOWNLOAD: PDF] (Digital) - $500.0
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RT @linuxalive The Paranoid Schizophrenic's Guide to the Linux Command Line #linux http://bit.ly/8S9plX
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Notes Towards Day 13--Presenting and Interpreting One Another's... http://tinyurl.com/yleagxe
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@mbram619 dang. someone's an angry tweeter
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Bucks rookie Jennings gives buzz to team: Kris Stone, director of brand marketing for Under Armour's basket.. http://bit.ly/5qtnuK
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