Goldman Sachs earns $9.4B in fiscal year

Associated Press Joe Bel Bruno December 12, 2006 08:17 PM

The big investment houses are set to deliver unprecedented 2006 results after Goldman Sachs Group Inc. reported Tuesday the biggest annual profit in Wall Street history.

The world's largest investment bank reported a staggering profit of $9.4 billion and revenue of $37.67 billion for its fiscal year thanks to record takeover activity and a robust stock market. Record high revenues came from every part of its business, including investment banking, fixed income, commodities, equity trading, and asset management.

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