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Pastimes : Richard Ney and the Wall Street Gang

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To: ccryder who wrote (386)8/25/1998 2:29:00 AM
From: BenYeung  Read Replies (1) of 492
 
Some Goldman Sachs news:
Proprietary trading and market making in securities contributed 47 percent to Goldman's revenues, or $2.6 billion, in the six months ended May 31, when Goldman earned - as it has previously said - a pretax profit of $2.1 billion on revenues of $5.5 billion. Investment banking fees at the firm, ranked number one globally in mergers and acquisitions, added $1.6 billion in revenues. Asset management and securities services added another $1.3 billion, Goldman said in the SEC filing.

Goldman also expected to raise 10 Million dollars in its IPO. Althought the terms are not carved in stone yet, but what is 10 Million to GS???
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