United States Market is Growing – Part III
United States Finance is growing, the third example being Goldman Sachs Management has earned an increase in revenue of 30%. The total earning is considered to be USD$ 1.96 Billion this quarter. The main earnings of Management is from Bond sale, which accumulated by USD$ 658 Million. This has tripled its investment which had been done by Goldman Sachs Management . This profits had come due to Government policy of keep the interest rate near to zero. JP Morgan Investment Banking, Citigroup too had benefited from these interest rates. The Management had provided 50 Cent per share as dividend to the shareholders. Goldman Sachs Management too was investing in Shares, Bonds and Loans, which produced the revenue 7 times nearby. The stocks paid nearly above 10% return in the last quarter and this quarter respectively. Return were nearby 30% for Goldman Sachs Management before the recession happened in 2008. The net income of Goldman Sachs Management had increased from USD$ 927 milli