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  "documentTitle": "why invest in goldman sachs",
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  "authorName": "St. John's University Student Managed Investment Fund",
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      "text": "Industry Revenue: $700 billion",
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      "text": "Sector: Financials\nIndustry: Investment Banking and Brokerage\nIndustry Overview (influencing Goldman Sachs)",
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      "kind": "paragraph",
      "text": "Global merger and acquisition activities rose 16% during the first nine months of 2006, exceeding $2.5 trillion, indicating a relative growth and increase from the previous years.",
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      "text": "Goldman Sachs Group, Inc. is one of the leaders in the investment banking and brokerage industry. They have been very successful particularly in the investment banking aspect of the business. Merger and Acquisition activities are booming globally, especially in Brazil, Russia, India, and China (BRIC). This helps increase both Goldman's revenues as well as the industry. In 2006, revenues in the industry exceeded $700 billion, a 22% increase from 2005. This indicates that in 2007 we would expect revenues to have an increase.",
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      "text": "A number of activities especially in the fixed income and M&A aspects of the investment banking division are helping to fuel this increase. In 2006, Bank of China went public by an initial public offering in the Hong Kong Stock Exchange which as a result raised $11.2 billion in a very fluctuating market environment. Goldman acted as a joint global coordinator and joint global book runner which also initialized an intensive marketing process. As a result, total industry revenues increased because it received a total of more than $70 billion from global investment banking fees. They are a crucial aspect to this business as we would expect it to grow in the next decade.",
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      "text": "BOARD MEMBERS",
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      "text": "III. INDUSTRY ANALYSIS",
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