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BULLETIN: Goldman Sachs Group Ratings Not Affected By First-Quarter 2006 Earnings
Standard & Poors, March 2006
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) March 14, 2006-Standard & Poor's Ratings Services said today that The Goldman Sachs Group Inc. (Goldman; A+/Positive/A-1) posted exceptionally strong earnings for the first-quarter of 2006. Net revenues were very strong in all business segments. Goldman's results reflect the firm's further successful execution of its business model and its franchise depth. Although we expected strength in Financial Advisory and in Fixed-Income Currencies and Commodities, segments such as Asset Management and Securities Services as well as equity underwriting and trading performed better than we expected. These results were accomplished, however, with an increase in market risk as shown by VaR, which rose during the quarter as compared to the fourth quarter of 2005....
Companies mentioned in this report are: Goldman Sachs Group Inc. (The)
Action: Bulletin
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