Home / Markets / Industries / Finance
Tuesday, September 16, 2008
Goldman Loses $825 Mln On Mortgage Exposure
John Spence
MarketWatch Pulse
BOSTON -- Goldman Sachs on Tuesday said it saw net losses of about $500 million on residential mortgage loans and securities in the third quarter. Meanwhile, it lost roughly $325 million for the quarter on its exposure to commercial mortgages, according to the earnings statement. "This was a challenging quarter as we saw a marked decrease in client activity and declining asset valuations," said Chief Executive Lloyd Blankfein.
Copyright © 2008 MarketWatch, Inc.
Fox Business Video
-
-
AIG Bonus Approval
-
Jul 11, 2009
AIG Bonuses
-
-
-
Power Rankings: Where are They Now?
-
Jul 11, 2009
07/10/09
-
-
-
Macrellus Willey: Life After F...
-
Jul 11, 2009
Wiley on Networking Site
-
-
-
When a Dome Becomes a Home
-
Jul 10, 2009
Kubley on Dome Homes
-
-
-
Helping Small Business
-
Jul 10, 2009
Yancey on Volunteer Work
-
FOX Translator
No data currently available.
No data currently available.
Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.
