Goldman Sachs shows $0 Trading Loss Days In first Quarter

Goldman Sachs shows $0 Trading Loss Days In first Quarter

 

Just released: the financial statement of Goldman Sachs

Goldman Sachs profited on every single trading day In this past quarter ended March 31 2010,

Amazingly the firm did not record even a $0.01 loss statistically making this report an astonishment for the investment world.

 

 

To help you understand;

• Out of the total 63 trading days that most of the Goldman investors lost millions, Goldman made money.
  
  


• Out of the 9.7 billion total Q1 revenue, 76% came from trading (Investors), not investment banking, underwriting or advisory.
  
  


• Goldman Sachs posted no less than 25 million dollars in trading net revenue every day during the quarter
  
  
  
  - 7 days at $25 million to $50 million
  
  - 50 days at $50 million to $75 million
  
  - 16 days at $75 million to $100 million
  
  - 35 days at more than $100 million
  
  * page 121 10Q

 

 

For Goldman Sachs this is a WIN - WIN situation making one believe that Goldman has an unfair advantage over its investor.

“This is the first time we have reported zero trading loss days in a quarter,” Samuel Robinson, a Goldman Sachs spokesman, told Bloomberg via e-mail. “We believe it shows the strength of our customer franchise and risk management.”

 

One would believe you have better odds in Las Vegas then you do with your E-Trade account.

 

 

 Source: Company filing with SEC