| Goldman Sachs Group, Inc. | (NY: GS) |
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May 20, 2013
Goldman Sachs (NYSE: GS) is a U.S. bank holding company known for a strong investment bank division. Goldman Sachs advises corporations on mergers and acquisitions, offers trading services, and manages the assets of large institutions, governments, and wealthy individuals. Goldman Sachs also uses its own capital to engage in long-term (private equity) and short-term investments (propriety trading). For the fiscal year 2010, Goldman Sachs reported a total revenue of $39B[1] and a net income of $8.35B[2].
The passage of new regulation from the US government could have a large impact on Goldman Sachs' operations. In particular, its use of Proprietary trading, its investments and hedge and private equity funds, as well as fees from the Federal Reserve could force the company to alter its operations.
(Read more at Wikinvest
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