Goldman Sachs' $100+ Million Profitable Trades
Submitted by theStockMasters... on Wed, 11/04/2009 - 18:55
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Greed is Good for 
Goldman Sachs (NYSE:GS). The company's Q3 trading record: In 64 trading days, it lost money on just one, and made more than $100 million per day on 36 days - down from 46 in Q2.
On the quarter, Goldman's equities commmissions fell to $930 million from $1.2 billion a year ago, but trading profits soared to $1.8 billion from $354 million. Goldman lost $3.6 billion on forex trading, up from a $1.4 billion loss in Q2.
Here's the whole 10-Q - Click to Access.
Goldman is unstoppable. In 2009 Goldman shares are up 81% and are at $172 and change.
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