US banking giant Goldman Sachs announced it lost $1.02 billion in December 2008. The bank had to report its earnings for that month because it had switched to a calendar year from a fiscal year ending in November.
AFP - US banking giant Goldman Sachs said Tuesday it lost 1.02 billion dollars in December 2008, according to a report filed with authorities a day after it reported profit of 1.8 billion dollars for the first quarter.
Goldman reported the one-month net loss, representing a loss of 2.15 dollars per share, to the Securities and Exchange Commission.
The New York-based bank had to report its earnings for the month of December 2008 because it has switched to a calendar year from a fiscal year that had ended in November.
On Monday, Goldman said it had net profit of 1.81 billion dollars for the 2009 first quarter, that ended on March 27.
The bank had compared that first-quarter result with the net loss of 2.12 billion dollars it reported for the fourth quarter of 2008 which ended in November.
Date created : 2009-04-14