Goldman Sachs boss reportedly optimistic worst of financial crisis over

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.

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.

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

Recommended

Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Three hidden gems from Japan’s overlooked stockmarket
Share tips

Three hidden gems from Japan’s overlooked stockmarket

Professional investor Eiji Saito of JPMorgan’s Japan Small Cap Growth & Income fund picks three promising stocks from Japan's vibrant but under-resear…
13 Sep 2021
Share tips of the week – 10 September
Share tips

Share tips of the week – 10 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
10 Sep 2021

Most Popular

Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021
How you can profit from the power of the grey pound
Share tips

How you can profit from the power of the grey pound

Higher life expectancy and surging asset prices have proved a boon for the baby-boomer generation, which has accumulated vast wealth. Younger generati…
10 Sep 2021