Tuesday, October 16, 2012

Goldman Sachs Revenue More Than Doubles

Being a crony capitalist bankster organization pays. Lose money? Get the Federal Reserve to print up $$$$ to bail you out. Make money? Divide it amongst the banksters.

Goldman Sachs reported earnings of $1.5 billion, or $2.85 per share, compared with a loss of $428 million, or 84 cents per share, a year earlier. Net revenue rose 133 percent to $8.35 billion from $3.6 billion.

Goldman also raised its quarterly dividend to 50 cents per share from 46 cents per share.

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