Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Having the U.S. government as a subsidiary is good business

By cpowell
Created 2006-12-12 13:52

Goldman Sachs 4th-Quarter Profit Doubles

From The Associated Press
Tuesday, December 12, 2006

http://biz.yahoo.com/ap/061212/goldman_earns.html?.v=1 [1]

NEW YORK -- Goldman Sachs Group Inc., the biggest investment bank on Wall Street, reported fourth-quarter profit doubled from last year on record takeover activity and robust stock market trading.The company reported a profit of $3.15 billion, or $6.59 per share, compared with $1.63 billion, or $3.35 per share, in the year-ago period. Revenue soared to $9.41 billion, up from $6.4 billion last year.

This easily surpassed Wall Street projections for earnings of $6.04 per share on $8.96 billion of revenues, according to analysts polled by Thomson Financial.

"We are very pleased with this year's performance," said Chairman and Chief Executive Lloyd C. Blankfein in a statement. "The breadth of our franchise, the diversity of our businesses, and the performance of our people enabled us to serve our clients around the world."

The stock closed at $202.52 on Monday, near its 52-week high of $206.70. Shares picked up another $1.08 in premarket electronic trading.

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at the
2007 Vancouver Resource Investment Conference
Vancouver Convention and Exhibition Centre
Sunday and Monday, January 21 and 22, 2007

http://www.cambridgeconferences.com/ch_jan2007.html [2]

Admission is free for those who register in advance. The conference has arranged discount rates at the Pan Pacific Hotel adjacent to the convention center.

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