CEO Lloyd Blankfein

Still on vacation but some things need attention. Read some of Goldman Sachs' (GS) research report on Sherwin Williams (SHW) today.. "Although the company’s long-term growth potential remains intact, we are cautious that the cost and demand headwinds will continue challenging SHW in the near term: (1) our economists expect existing home sales (key indicator for paint demand) to trough in 1H2009; (2) the overall non- residential market is poised for a downturn as a substantially tighter... Read Full Story

In 2003, a Goldman Sachs economic team led by Jim O'Neill focused on the positive prospects of four developing countries—Brazil, Russia, India, and China (BRIC). In a paper “Dreaming with BRICs: The Path to 2050, O’Neill argued that over the next forty years. The total BRIC Gross National Produce could be double the size of the United States, Japan, the United Kingdom, Germany, France, and Italy (G6). China’s economy would become the world’s largest In the following order China... Read Full Story

Goldman’s president sold approximately 30k shares on July 16 and 17 and netted $5 million.  Goldman has been a very profitable i-bank for quite some time, and it hasn’t been hit nearly as hard as many of the other banks.  That being said, at a time when the industry (including Goldman) contributed to the subprime mess, which was spiraled into the economic quagmire that exists today, it is, in my opinion, unconscionable that a high ranking officer of any investment bank gets rewarded (even... Read Full Story

   Merrill Lynch & Co. declined in New York trading after the third-biggest U.S. securities firm reported a wider-than-estimated second-quarter loss on $9.7 billion of credit-market write downs. Moody’s Investors Service cut Merrill’s credit rating and the shares fell more than 4 percent. The net loss of $4.65 billion, or $4.97 a share, that the firm posted yesterday exceeded its $1.96 billion first-quarter loss, while rivals Goldman Sachs Group Inc. and Morgan Stanley stayed profitable... Read Full Story

Is there a bank out there now who has not hired Goldman Sachs (GS) as an adviser? Wachovia(WB) recently disclosed that it hired Goldman as an adviser to help is get out from it's huge portfolio of troubled loans. They join Royal Bank of Scotland(RBS) Washington Mutual (WM), National City (NCC) and State Street(STT) who turned to Goldman for advice and to raise money as conditions and loans portfolios have deteriorated. Now news is out that Lehman (LEH) may be looking for a partner. anyone... Read Full Story