Thursday, September 20, 2007

Ya Got Yer Winners

Bloomberg (09.20.07):
"Goldman Sachs Group Inc. reported the third-best profit in its 138-year history after betting against the mortgage bonds that roiled credit markets and left Bear Stearns Cos. with its biggest earnings decline in more than a decade.

The world's largest securities firm said net income rose 79 percent in the third quarter to $2.85 billion, or $6.13 a share, beating the highest analyst estimate by more than 20 percent.

Goldman Net Tops Estimates; Bear's Drops 61 Percent

And ya got yer losers. "Earnings at Bear Stearns fell 61 percent to $171 million, or $1.16 a share."

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