Goldman Sachs Says It Lost Money From Trading on 25 Days in 2010
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Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, lost money from trading on 25 days during 2010, up from a record-low 19 days in 2009, according to a regulatory filing.
After incurring losses on trades during 12 days in the first 9 months, the full-year figures indicate that Goldman Sachs lost money on 13 days in the fourth quarter. The firm’s traders also made $100 million or more on 68 days in 2010, down from the record 131 days in 2009, according to the New York-based company’s annual 10-K filing with the Securities and Exchange Commission.