Goldman Sachs (NYSE:GS) reported fiscal Q1 earnings of .3 billion with its trading business again outperforming the rest of the financial industry. The better-than-anticipated earnings comes as a welcomed relief as the investment bank struggles to maintain its respected name in the wake of an SEC fraud case.
Goldman reported its quarterly EPS came in at .59, blowing past consensus estimates of .01.
Revenues in the quarter surged 35.5% year-over-year to .78 billion, vs. consensus estimates of .2 billion.
The company said it set aside 43% of revenue in order to pay expenses from employee salaries and bonuses, down from 50% for the same period last year.
“In light of recent events involving the firm, we appreciate the support of our clients and shareholders, and the dedication and commitment of our people,” said the bank’s CEO Lloyd Blankfein.
Recall Report: Savannah Woman Has concerns about GM Response After Car Fire
In the past few months, I've told you about a lot of auto recalls and reminded you that manufacturers say drivers will get notices in the mail and that those drivers should in turn follow instructions on the recall notice in terms of getting repairs or … Read more on WSAV-TV
Agencies tighten up used-car recall sales loophole
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The recall comes on the heels of Thursday’s massive Ford Escape recall. Video Rating: / 5
For the second time in three years, Mazda Motor Corp has issued a recall for Mazda6 sedans in North America because of a spider that likes the smell of gasoline and weaves a web that blocks a vent in the engine. The web weaved by a spider can lead to a restriction of fuel flow, which in turn can reduce fuel tank pressure when the emission control system purges vapors from the evaporative canister. Mazda will inform owners in the recall campaign to bring cars to dealers, where the evaporative canister vent line will be checked and cleared if necessary. Video Rating: / 5
Highlights from LexisNexis Mortgage Asset Research Institute Twelfth Periodic Mortgage Fraud Case Report. The LexisNexis Mortgage Asset Research Institute is a leading provider of information… Video Rating: 0 / 5
Sydney siege report signals tighter immigration curbs
PERTH (Reuters) – Australian Prime Minister Tony Abbott foreshadowed tighter immigration controls on Sunday when he released the first report into a siege last December in Sydney's Lindt cafe, in which two hostages and the gunman were killed. The legal … Read more on Business Insider
FBI probes fatal Utah police shooting of man carrying sword: paper
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Mary Barra Tells Employees To Embrace Reform Or GTFO
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