Just to add more specific information about the competition, in the last quarter Goldman Sachs had experienced a drop in net earnings of 37% compared to the 2009 quarter and achieved a ROE of 13.1%. MQG's profit dropped 21% from 1H10 and 31% on 2H10, its ROE dropped from about 10% to 7.1%, thus the lower staff compensation compared to GS. So in a sense, apart for the difference in ROE, both companies are performing roughly the same within the broader market conditions.
GS stock has been tracking sideways over the last 6 months, ditto for MQG. The banks in the USA will release their first quarter results soon, and that should give us an idea where MQG is heading until all is revealed on April 29..
http://www2.goldmansachs.com/our-firm/press/press-releases/current/pdfs/2010-q4-earnings.pdf
buy the rumour?, page-40
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Last
$209.72 |
Change
0.010(0.00%) |
Mkt cap ! $80.11B | |||
| Open | High | Low | Value | Volume |
| $209.51 | $211.50 | $208.00 | $127.5M | 608.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1322 | $209.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $209.72 | 1179 | 2 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |