Goldman Sachs's Chief Executive Officer Lloyd Blankfein believes the worst of the financial crisis is over, according to comments made in an interview with the BBC at the World Economic Forum in Davos.
Blankfein was as quoted saying: "I think the moment of crisis is over" adding that "The worst worrisome problems that everyone talked about last year seem to be off the table."
On January 16th, the investment bank reported net revenues of $34.16bn and net earnings of $7.48bn for the year ending December 31st.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Diluted earnings per common share were $14.13 compared with $4.51 for the year ending December 31st 2011.
Return on average common shareholders' equity was 10.7% for 2012.
MF
-
8 of the best properties for sale with indoor swimming poolsThe best properties for sale with indoor swimming pools – from an award-winning contemporary house in East Sussex, to a converted barn in Hampshire
-
Chinese stocks slump on first trading day of 2025Chinese stocks suffered in the new year from their worst first day of trading since 2016, despite a state stimulus package
