Goldman Sachs Reports $3.5B Profit Amid SEC's Fraud Charges

Goldman Sachs today posted hefty profits just as the embattled banking giant is fighting to save its most valuable commodity -- its clients' trust. Goldman Sachs reported that it raked in $3.46 billion in profits on $12.78 billion in net revenues during the first three months of the year. The $5.59 a share earnings beat expectations by Wall Street analysts, who predicted $4 a share in profit. It's a number the bank hopes will ease worries among investors, jittery about allegations by the...Full Story
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