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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
|
2.96% |
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S&P New York Bond Index
|
3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
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S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
|---|
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Goldman to Cut Jobs as Debt Trading Misses |
Bloomberg - July 19, 2011 - By Christine Harper
Goldman Sachs Group Inc. (GS), the U.S. bank that makes most of its money from trading, said it will cut about 1,000 jobs after a plunge in fixed-income revenue that was bigger than analysts estimated.
Second-quarter fees from trading debt, currencies and commodities tumbled 63 percent from the previous quarter, more than twice the drop at other major U.S. banks. Net income was $1.09 billion, or $1.85 per share, the New York-based company said today in a statement, falling short of the $2.30 per-share average estimate of 23 analysts surveyed by Bloomberg.
Led by Chairman and Chief Executive Officer Lloyd C. Blankfein, Goldman Sachs last year ceded its dominant position among fixed-income traders to larger rival JPMorgan Chase & Co. (JPM) In the second quarter of 2011, Goldman Sachs cut risk-taking to the lowest level since 2006. Debt-trading revenue of $1.6 billion dropped below JPMorgan Chase & Co.’s $4.28 billion, Citigroup Inc.’s $3.03 billion and Bank of America Corp.’s $2.7 billion.
“It’s clear that Goldman underperformed many of its peers,” said Richard Staite, an analyst at Atlantic Equities LLP in London, who has a “neutral” rating on the stock. “It seems to have prompted them into a cost-saving initiative.”
The firm identified annual cost savings of $1.2 billion that will include about 1,000 job cuts this year, Chief Financial Officer David A. Viniar told analysts during a conference call after earnings were released. Goldman Sachs employed 35,500 people at the end of June, up 100 people from the prior quarter
For the complete article.
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Income Security Recommendation January 2013 Issue.
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