How Effective Goldman Sachs are in the Financial Industry
Goldman Sachs is a globally known investment banking firm. In my review I will be investigating how well Goldman Sachs operate within the financial market, if so or not, why? And show how it stands against its strong competitors such as J.P Morgan Chase and Morgan Stanley.
Goldman Sachs offers a wide variety of investment options, and have given opportunities and funding to many companies which have now made a large success in their specific industry. For example SanDisk turned to Goldman Sachs for advice when it needed the funding and guidance it had been looking for, and now SanDisk has been able to also be a worldwide provider of a goods service.
Goldman Sachs have been awarded with numerous honours just since 2007 they’ve received awards from the Lipper Awards which include Best Short U.S. Government Fund" for their Short Duration Government Fund (Class I) 3 times in a row since 2009 which are just 3 among their 12 awards given to them since 2007. Not only that, in 2011 Goldman Sachs was one of the top 10 asset managers globally as ranked by Pensions & Investments. For as distant back as I could search Goldman Sachs has always been a leading investment banking firm, and due to recent years number one worldwide and with that below is a list of top ten global firms.
Investment Bank | Revenue (in $B) | Net Earnings (in $B) | AUM (in $B) |
Goldman Sachs | 45.2 | 13.4 | 871 |
JP Morgan Chase | 100.4 | 11.8 | 1219 |
Morgan Stanley | 24.74 | 1.7 | 779 |
Citigroup | 80.3 | (1.6) | 556 |
Bank of America | 121 | 6.3 | 523 |
Barclays | 31.8 | 10.3 | 1379 |
Lazard | 1.53 | (0.18) | 98 |
Credit Suisse | 31.05 | 7.9 | 384 |
Deutche Bank | 25.3 | 4.96 | 181 |
UBS | 24 | (1.9) | 159 |
Source: Balance Sheet of respective banks (2009)
[ 1 ]. http://www2.goldmansachs.com/our-firm/progress/sandisk/index.html
[ 2 ]....