EPS: $3.23/share due primarily to Fixed Income, Currency and Commodities which generated record quarterly net revenues of $6.56 billion, 34% higher than its previous record, more than double the first quarter of 2008, "reflecting strength across most businesses, including record results in interest rate products and commodities." Wonder if GS' AIG CDS unwind trades falls into this group (never mind, that is rhetorical).
And of course GS will raise $5 billion in new capital which together with other existing cash will be used to redeem all the TARP obligations. The underwriter on the offering? Goldman Sachs.
And of course GS will raise $5 billion in new capital which together with other existing cash will be used to redeem all the TARP obligations. The underwriter on the offering? Goldman Sachs.
The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has commenced a public offering of $5 billion of its common stock for sale to the public. Goldman, Sachs & Co. will serve as the sole underwriter for the transaction. The underwriter will have a 30-day option to purchase up to an additional 15% of t! he offered amount of common stock from the company to cover over-allotments, if any.
After the completion of the stress assessment, if permitted by our supervisors and if supported by the results of the stress assessment, Goldman Sachs would like to use the capital raised plus additional resources to redeem all of the TARP capital.
Also, as readers point, a very curious spike in interest rate VaR.
Also, did Goldman just report a 4 month quarter period?
Has the whole word gone crazy?
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