Goldman Sachs Group Inc. reported record earnings for both the fourth quarter and 2005 overall.The venerable investment bank reported net earnings of US$5.63 billion for the year ended November 25. Earnings per share were up 26% from 2004.Fourth quarter net earnings were US$1.63 billion. The firm says that it generated record net revenues, net earnings […]
Income, assets, deposits and loans all increase in third quarter
Strong performance across all segments
Growth in loan and deposit portfolios
Bank ups quarterly dividend
Raises dividend
Revenue up 70%
Company encouraged by rise in revenue
Loan fundings boost revenues
CIBC today reported a big increase in fourth quarter profit, and announced plans to cut 900 jobs.Net income was $728 million, or $2.06 per share, in the quarter ended Oct. 31, up sharply from $402 million, or $1.06 per share, in the year-before period.A year ago, the bank’s profit was hurt by a provision taken […]