Echoing numbers by other big banks. In goldmans case a fuelest best quarterly numbers in years, confirming the strategy of a Business Model critics said was too risk yip in the wake of the financial crisis. Investors, however, were expecting the strong numbers and after a recent runup they sent the stocks slightly lower. Mary thompson has the numbers. While in the midst of the l crisis Goldman Sachs numbers packed a punch. I thought the results were quite impressive. The new york based bank posted the highest quarterly revenue in four years and highest profit in five. Thanks to the profit in trading business which generated more than half of the billion dollars in revenue. On a call, ceo Harvey Swartz said the higher rates in the u. S. And lower rates in europe spurred clients to take action. The largest economies had a significant impact. All of the goldman businesses investment banking, agoet managements and the firms investment and lending portfolio contributed to the more than 2. 8
S. A. P. Gets a boost after they lift the First Quarter profit. The ecb is considering a plan to increase hair cuts on greek Bank Collateral if athens fails to convince its International Lenders on reforms. Hi everybody. Good morning. Good morning. Nice to be back. A lot going on still and this week crucial in regards to greece. Earnings. 150 companies on the s p. Some of our guests are optimistic with regards to earnings but most people are saying we could be in for disappointment. The outlook is going to be harder this year. I dont know. I think the expectations are so low that it give mrs. S more room for companies to meet expectations. It depends on which sector youre looking at. The tech sector has been quite buoyant but then you have other sectors where theres still some nervousness with Global Growth and cyclicals out there. Weve seen a pull back in them. Energy. Oil price 60 barrel but theyre going to have to compensate for the dramatic drop weve been seeing over the past coupl
Echoing numbers by other big banks. In goldmans case a fuelest best quarterly numbers in years, confirming the strategy of a Business Model critics said was too risk yip in the wake of the financial crisis. Investors, however, were expecting the strong numbers and after a recent runup they sent the stocks slightly lower. Mary thompson has the numbers. While in the midst of the l crisis Goldman Sachs numbers packed a punch. I thought the results were quite impressive. The new york based bank posted the highest quarterly revenue in four years and highest profit in five. Thanks to the profit in trading business which generated more than half of the billion dollars in revenue. On a call, ceo Harvey Swartz said the higher rates in the u. S. And lower rates in europe spurred clients to take action. The largest economies had a significant impact. All of the goldman businesses investment banking, agoet managements and the firms investment and lending portfolio contributed to the more than 2. 8
Echoing numbers by other big banks. In goldmans case a fuelest best quarterly numbers in years, confirming the strategy of a Business Model critics said was too risk yip in the wake of the financial crisis. Investors, however, were expecting the strong numbers and after a recent runup they sent the stocks slightly lower. Mary thompson has the numbers. While in the midst of the l crisis Goldman Sachs numbers packed a punch. I thought the results were quite impressive. The new york based bank posted the highest quarterly revenue in four years and highest profit in five. Thanks to the profit in trading business which generated more than half of the billion dollars in revenue. On a call, ceo Harvey Swartz said the higher rates in the u. S. And lower rates in europe spurred clients to take action. The largest economies had a significant impact. All of the goldman businesses investment banking, agoet managements and the firms investment and lending portfolio contributed to the more than 2. 8
The modifying video competition report, some of those things. I have got a piece of legislation weve passed out of the full house twice now, very bipartisan, i think it was unanimous earlier in this Congress Called the fcc consolidated reporting act which really tries to take a broad view and to eliminate a lot of the outdated reports, to streamline the reporting process. Something that i think you have seen bipartisan support to do in the house. Were trying to get the senate to take that up. Im not sure if you have a comment on what you think should happen there, if thats something youre supportive of generally, especially as it relates to the bipartisan bill in the house trying to move through the senate to ultimately become law to streamline the process as your staff has suggested. So on the senate side, its senator heller who has been pushing on this, and i know that he and senator rockefeller are talking about it in terms of their package of legislation over there. I definitely ag