Banking, finance, and taxes
Goldman Sachs Looks Like Golden Slacks (GS)
Published:
Last Updated:
Goldman Sachs (NYSE: GS) has managed to post $7.01 EPS in its fourth quarter report. First Call had estimates of $6.61 EPS and we had a whisper number somewhere in the $7.00 neighborhood. Annualized return on equity was 34.6% for the fourth quarter of 2007. Book value per common share increased 25% to $90.43 in 2007. Assets under management rose $868 billion.
The following are the individual metrics inside the company for the quarter:
Shares are up almost 2% at $212.90 in pre-market trading. Its 52-week trading range is $157.38 to $250.70. This one has managed to dodge the big bullet in the sub-prime mess as it had been hedged. Maybe it really should change its name to Golden Slacks.
Jon C. Ogg
December 18, 2007
Jon Ogg can be reached at [email protected]; he produces the SPECIAL SITUATION newsletter and he does not own securities in the companies he covers.
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.