Goldman Sachs Doesn't Lose Much
Rule of thumb, never bet against Goldman Sachs (NYSE:GS). The fact that the Wall Street Financial King only had 25 negative trading days in 2010 should be convincing enough. Goldman always wins.
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Goldman Sachs Group (GS) shares have traded between $129.50 and $186.41 over the past 12 months. Goldman Sachs shares are now trading with a P/E Ratio of 12.4 and EPS of 13.17.
GS shares at $162.43 today, down -0.82% or $1.35 and volume is currently at 3,553,802 shares traded.
HARDLY LOSING IN 2010
(Bloomberg) -- Goldman Sachs Group Inc (GS) the fifth- biggest U.S. bank by assets, lost money from trading on 25 days during 2010, up from a record-low 19 days in 2009, according to a regulatory filing.
After incurring losses on trades during 12 days in the first 9 months, the full-year figures indicate that Goldman Sachs lost money on 13 days in the fourth quarter. The firm’s traders also made $100 million or more on 68 days in 2010, down from the record 131 days in 2009, according to the New York- based company’s annual 10-K filing with the Securities and Exchange Commission.
Traders exceeded the firm-wide “value-at-risk” limit, or VaR, on one occasion during 2010 “to facilitate a client transaction,” according to the filing. The risk position was reduced the following day to comply with the limit, which is one of the gauges Goldman Sachs uses to measure potential trading losses. In 2009, the firm-wide VaR was exceeded on two consecutive days, the filing said.