1/16/13, "Goldman Sachs and JP Morgan profits rise sharply," BBC
"Top US banks Goldman
Sachs and JP Morgan have reported sharp rises in profits on the back of
strong performance in investment banking....
Net profit for the full year (for Goldman) was $7.5bn, up from $4.4bn in 2011....
Net profit for the whole of 2012 (for JP Morgan) was $21.3bn, a record for the firm....
Net profit for the full year (for Goldman) was $7.5bn, up from $4.4bn in 2011....
Net profit for the whole of 2012 (for JP Morgan) was $21.3bn, a record for the firm....
Net profits at Goldman Sachs in the final quarter of the year rose threefold to $2.9bn (£1.8bn) from a year earlier.
JP Morgan booked profits of $5.7bn (£3.6bn), up 54% on the $3.7bn the bank made a year earlier....
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