t the top spot is Goldman Sachs Group, Inc. (NYSE:GS). During the maelstrom on Wall Street in 2008 that claimed Bear Stearns, Lehman Brothers and Merrill Lynch, only Goldman Sachs Group, Inc. (NYSE:GS), JP Morgan Chase, and Morgan Stanley (NYSE:MS) (thanks to a $9 billion infusion from Mitsubishi Bank) emerged intact…almost.
Goldman Sachs restructured itself as bank holding company, providing it with an asset base to help fund its investment and lending operations. As a result, the more conservative Goldman Sachs Group, Inc. (NYSE:GS) has a balance sheet many Wall Street firms would envy; revenue is up 19% from 2011; net income jumped 68%, and the trailing price earnings ratio of 10.2x beats the rest of the sector at 25.5x. Compare this to Morgan Stanley (NYSE:MS) with a trailing price/earning ratio of 1111x and 17% drop in 2012 revenue.
Read more at http://www.insidermonkey.com/blog/goldman-sachs-group-inc-gs-starbucks-corporation-sbux-non-wall-street-guru-betting-on-these-stocks-115554/#krErT6PA01xYilcf.99
The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has declared dividends on the following series of its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock):
- $229.17 per share of Floating Rate Non-Cumulative Preferred Stock, Series A;
- $387.50 per share of 6.20% Non-Cumulative Preferred Stock, Series B;
- $244.44 per share of Floating Rate Non-Cumulative Preferred Stock, Series C;
- $244.44 per share of Floating Rate Non-Cumulative Preferred Stock, Series D; and
- $371.88 per share of 5.95% Non-Cumulative Preferred Stock, Series I.
In addition, Goldman Sachs has declared a dividend of $1,044.44 per share of Perpetual Non-Cumulative Preferred Stock, Series E, and a dividend of $1,044.44 per share of Perpetual Non-Cumulative Preferred Stock, Series F.
The dividends on the Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series I Preferred Stock will be paid on May 10, 2013 to preferred shareholders of record on April 25, 2013. The dividends on the Series E Preferred Stock and Series F Preferred Stock will be paid on June 3, 2013 to preferred shareholders of record on May 19, 2013.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
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