Wednesday, April 21, 2010

Goldman Sachs Pumps Killer Earnings

Goldman Sachs, the company whom has and continues to be highlighted in headlines everywhere for the SEC charges of fraud, has reported yet another great earnings quarter.

The investment brokerage and holding firm has produced an impressive 3.2 billion dollars of profit over the last quarter. Also a worthy point to note is the company’s decision to purchase 2.3 billion dollars of its own stock this year.

Despite this seemingly good news the stock prices continue not to reflect the positive earning results. The SEC charges of fraud against Goldman Sachs still discourage the investing community.

Political backlash abroad has now factored in to the situation. Both the United Kingdom and Germany are seriously considering cutting off all ties with the Investment firm.

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