No. 21: Goldman Sachs Group
Industry: Financials
Sales: $84.3 billion
Net Income: $9.9 billion
Goldman Sachs (GS) has shown again why it's widely acclaimed as the cream of the Wall Street crop. Over the past year, as CEO Lloyd Blankfein watched peers get slaughtered by the subprime mortgage mess, Goldman managed to make money. Unlike other big investment banks, Goldman got out of the market at just the right time. Such savvy trading generated a robust 40% return on equity. The bank faces tougher sledding in 2008: The credit crunch is taking a big bite out of both merger activity and new stock issuance, two of the firm's bread-and-butter lines of business. Shares of Goldman are already down 21% this year.
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