Goldman Profits Double, but How Does It Make Its Money?

Goldman Profits Double, but How Does It Make Its Money?

In a 2010 two-part Making Sen$e report, the first of which you can watch above, Paul Solman explored how Goldman Sachs makes its money. In thesecond segment, which you can watch below, Paul looked more closely at Goldman’s use of taxpayer money.

Goldman Sachs’ second-quarter profits doubled this year compared to last, they announced Tuesday. Beating expectations of a $2.82-per-share haul, Goldman pulled in $3.70 a share in 2013’s second quarter compared to $1.78 a share in the second quarter of 2012. Net income rose from $962 million to $1.93 billion.

Read more

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s