Days After SEC Announces Investigation, Goldman Earns Huge Profit

Just days after Friday’s bombshell announcement that the SEC was investigating Goldman Sachs for its derivatives sales, the Wall Street investment firm announced it earned $3.46 billion in profit for the first quarter of 2010. This is nearly double last year’s Q1 profit of $1.8 billion.

Source: BBC News

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.