Goldman Sachs (US)



Goldman
Sachs has a reputation
as arguably the world's most prestigious investment bank. However not even the
golden child of the banking sector was immune to the savage downturn in the
market during 2008, which crippled Goldman's stock price and forced it to
abandon its legal status as a securities house in order to maintain the
confidence of its own shareholders. Unlike most of its peers, the company
resisted the temptation to diversify into a broader selection of financial
services during the 1990s and early 2000s. Instead it focused even more tightly on what it does
best, moving more quickly than any of its peers to take advantage of new
trends within the industry, with great skill and extraordinarily lucrative results.
More than a third of its profits are generated by
activities, such as derivatives trading or hedge fund brokerage, that
barely existed five years ago, and yet revenue and profit growth have been
unscathed by economic downturns, consistently setting new record highs. Click
here for an Adbrands Profile of Goldman
Sachs (subscribers only). Adbrands Company Profiles provide a detailed analysis of the history and current operations of leading advertisers, agencies and brands worldwide, and include a critical summary which identifies key strengths and weaknesses. Adbrands Account Assignments tracks account management for the world's leading brands and companies, including details of which advertising agency handles which accounts in which countries for major
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Competitors: see Financial
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