Record pay and profits at Goldman Sachs
Record pay and profits at Goldman Sachs. Goldman’s profits nearly doubled, reaching $3.44 billion compared to $1.8 billion in the first quarter and $2 billion a year ago. This was 35 percent higher than a survey of economists conducted by Bloomberg News had predicted. Goldman’s net revenue reached $13.8 billion in the second quarter, up 46 percent from the same quarter of 2008. Later this week, many of Goldman’s rivals, including JPMorgan Chase, Citigroup and Bank of America, will release