Goldman Sachs Reach Richest Quarterly Profit

Any expectations of possible estimates were blown away today, as Goldman Sachs “delivered its richest quarterly profit in the investment bank’s 140-year history,” reporting that it netted $4.95 billion in the fourth quarter and $13.4 billion in 2009. The bank also paid out $13.5 billion in bonuses and salaries last year, making it more than what was handed out in 2008. It is lower than in 2007 when it awarded it’s employees a total of $20 billion in compensation. The firm requested that the NYPD set up barricades outside their headquarters, and a bomb-sniffing dog is on the scene as well.

Via: Cityfile

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