Market Updates: Goldman Sachs Group (NYSE:GS), Google (NASDAQ:GOOG), Yahoo (NASDAQ:YHOO), Dish Network (NASDAQ:DISH), Fannie Mae (NYSE: FNM)
May 10, 2010 at 10:49 AM EDT
Goldman Sachs Group (NYSE:GS) traders made money every single day of the first quarter, a feat the firm has never accomplished before. Daily trading net revenue was $25 million or higher in all of the first quarter’s 63 trading days, New York-based Goldman Sachs reported in a filing with the U.S. Securities and Exchange Commission today. The firm reaped more than $100 million on 35 of the days, or more than half the time. Goldman Sachs, which is facing a fraud lawsuit from the SEC related to the firm’s sale of a mortgage-linked security in 2007, generated $9.74 billion in trading revenue in the first quarter, exceeding all of its Wall Street competitors. Trading accounted for 76 percent of first-quarter revenue. “This is the first time we have reported zero…