Goldman Sachs is Super Profitable — Market Mad House

The Goldman Sachs Group Inc. (NYSE: GS) is super profitable, despite all its controversies and troubles.

For instance, Goldman Sachs reported a quarterly gross profit of $9.141 billion on revenues of $9.955 billion on 31 December 2019. Therefore, Goldman Sachs reported a cost of revenue of $814 million on 31 December 2019.

Moreover, Stockrow estimates Goldman Sachs had a quarterly net profit of 17.32% and a gross margin of 91.82% on 31 December 2019. As a result, Goldman Sachs reported an operating income of $2.231…