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A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange, April 16, 2012. (BRENDAN MCDERMID/REUTERS)
A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange, April 16, 2012. (BRENDAN MCDERMID/REUTERS)

Goldman Sachs' (almost) perfect quarter Add to ...

It’s a bit like almost pitching a no-hitter. Goldman Sachs completed the first quarter with just a single day of trading losses.

At $25-million (U.S.), the loss made for a relatively bad day, but the rest of the month produced trading wins in excess of $100-million, the investment bank revealed in a securities filing.

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And in comparison to other recent quarters, the record for the first three months of this year was fantastic. In the fourth-quarter, for example, Goldman recorded 17 days of trading losses.

Dow Jones says that the firm’s only perfect quarter, without any days of trading losses, occurred in the first quarter of 2010.

Goldman has made its share of enemies as it reaps its market rewards. In its legal proceedings note, the company calculates that it faces a “reasonably possible” loss of $2.7-billion from a number of judicial, regulatory and arbitration proceedings. Some of those cases involve Goldman’s involvement with Greek debt.

The firm says it has been “subject to a number of investigations and reviews by various governmental and regulatory bodies and self-regulatory organizations in connection with the firm’s transactions with the Hellenic Republic (Greece), including financing and swap transactions, as well as trading and research activities with respect to Greek sovereign debt. Goldman Sachs has co-operated with the investigations and reviews.”

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GS-N Goldman Sachs 175.54 -0.41
-0.233 %
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