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
-
Nvidia's earnings live: stock gains as investors brace for key resultsNvidia's stock opened strongly ahead of its earnings, as analysts question whether Blackwell sales can make up for lost China revenue
-
8 of the best lakeside properties for saleThe best lakeside properties – from a house on the southeastern shore of Loch Lomond, to a 15th-century hall overlooking a lake in King’s Lynn, Norfolk
