Exact(13)
And its annualized return on equity fell to 12.2 percent from 20.1 percent in the period a year earlier.
The average homeowner's equity fell to 44.7percentt in the quarter, the lowest yet recorded by the Fed.
In the last nine months, Goldman's return on equity fell to 3.7 percent on an annualized basis, down from 10.3 percent in 2010.
Goldman's shareholders, though, arguably suffered more: return on common equity fell by a third, to 13.2 percent, excluding a couple of one-time charges, in part because the bank increased its capital base by 28 percent.
The bank, which also booked revenue of 390 million euros for the value of its own debt, said its return on equity fell to 8.8 percent from 12.3 percent in 2010.
In a third housing report released on Thursday, the data firm CoreLogic said the number of households with negative equity fell slightly in the second quarter to 11 million, down from 11.2 million in the first quarter.
Similar(47)
Excluding them, SOEs' return on equity falls to 10%.
But if the industry's return on equity falls too far, the consequences could be severe.
The accounting showed shareholders' equity falling to just 42.9 billion yen ($557 million) and cast a shadow over the company's long-term viability.
Its 5.9 percent return on equity falls to just 3.7 percent when the one-time cost of buying back shares from Warren E. Buffett is included.
Japan is seriously discussing nationalising the banks so as to break out of its current trap, in which the attempt to maintain Basle standards of capital adequacy while bank equity falls prevents the needed expansion of credit.
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