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Earnings Calls: 
Goldman Sachs Group Earnings Call, Fourth Quarter 2008
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 10:53 AM ET December 17 2008

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The banking group had negative revenues of $1.6 billion, down from $11 billion in 2007 on weaker client activity and fee income. Asset prices declines, volatility and illiquidity resulted in a loss of $2.1 billion or $4.97 a share, down from a profit of $3.2 billion or $7.49 a share in 2007.


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Richard Staite (Atlantic Equities): On the prime brokerage and other business lines, could you just give us some indication on your market share there and how that''s changed over the quarter?

David Viniar; We did lose some balances. We got a lot back that we wanted to get back, but there is really no statistics on market share in prime brokerage. We might have lost a little share in that business, but not very much. And we still have, if not the highest market share, one of the highest market shares in prime brokerage.

In many of our other businesses, our market share has kind of stayed the same or increased. Our mortgage business, we continue to have the highest market share. We''re the leader in M&A.

In many of the equities businesses, our share continues to go up. It''s one of the reasons why you see our commissions continue to go up, even though clearly the cents per share people are paying is not going up. And so if anything I would say our market share in some of those businesses is going up.
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