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Goldman Sachs (GS) just wrapped up another phenomenal year. I honestly don’t know how they do it. The numbers really boggle the mind.

For their fourth quarter, Goldman earned $7.01 a share, 40 cents ahead of the Street. For FY 2007, the company earned $24.73 a share. Last year, they made $19.69 a share and the year before that, they made $11.21 a share. By comparison, Morgan, Merrill and Bear are all expected to post losses this quarter.

The stock is going for just seven times earnings. Next year, however, could be more difficult for Goldman.

By the way, what’s the point in having elections if someone from Goldman Sachs is always appointed to run the economy? (And it's not just us).

Posted by edelfenbein at December 18, 2007 10:44 AM