Goldman Sachs Group
Industry: Investment Services

Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

Business Summary
Goldman Sachs Group, Inc. (Goldman Sachs) is global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. At the fiscal year ended November 28, 2004 (fiscal 2004), Goldman Sachs operated offices in over 20 countries. Goldman Sachs activities are divided into three segments: Investment Banking, Trading and Principal Investments, and Asset management and securities services. Investment Banking segment is further divided into two components: Financial Advisory and Underwriting. Trading and Principal Investments segment is divided into three components: Fixed Income, Currency and commodities; equities, and principal investments. The components of the asset management and securities services segment are asset management and securities services.

Financial Summary
For the nine months ended 26 August 2005, Goldman Sachs Group, Inc.'s total revenues rose 40% to $31.25B. Net income applicable to Common rose 19% to $3.99B. Revenues reflect higher interest income and an increase in income from trading and principal investments. Higher earnings were partially offset by an increase in employee compensation and benefits and higher interest expenses.