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The Goldman Sachs Group - Essay Example

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also known as Goldman Sachs is one of the largest investments banks in the world. The company deals with investment banking, investment management, and securities, which deal with a variety of economic services to a considerable and differentiated…
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Download file to see previous pages The company has expanded to many nations in the world whereby it has opened branches in over 30 countries, that include offices in financial centers in the world, such as United Kingdom, Germany, France, and Japan (New York Times web).
Goldman Sach Company, in 2012 bought all the shares belonging to Ariel Reinsurance that were held by Ariel Holdings Ltd. in addition, in the same year financial period, the company also purchased Dwight Asset Management, a financial firm, from the british based Old Mutual Asset Management. The financial report released by the Goldman Sachs company in april 2012 had good resorts that beat the market analysts’ expectations. the report reflected improved performance in the equity fairs. However, the quarterly profits for the year 2012 was $2.1 billion $0.64billion lower than the previous year’s same period financial report. However, the earnings per share increased by $3.92 which was an improvement from the previous year’s financial earnings per share of $3.55. This was also the same figure that the financial analysts had predicted. However, the company’s revenue fell to $9.95 billion as compared to a year ago where the revenue was $11.89 billion (New York Times web).
Goldman Sachs Company reported a $1.56 per share increase in the first quarter of the same year. the company went ahead and paid a bailout it received from Mr Warren E. Buffet, in the financial crisis era who was then granted preference shares in the corporation. The board of governors of the company voted unanimously in the first quarterly to increase the dividend on the common stock to approximately 46 cents in every share held, an increase from the previous quarter’s dividend of 35 cents per share.
The company’s financial results were at an all-time high as compared to the last four quarters, but it was down across the board as compared to the last to the previous year. the company however ...Download file to see next pagesRead More
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