Goldman Sachs to revive stock offering—sources Bloomberg News NEW YORK -- Goldman Sachs Group LP earned more than $1 billion in its fiscal first quarter, rebounding from its worst three months since 1994 and putting the biggest investment banking partnership on track to sell shares by the end of June, sources familiar with the firm said. The 129-year-old firm profited from a market rally that boosted trading, underwriting and mergers during the three months that end Friday. Earnings before taxes and partners' pay beat the $1.02 billion in the same period of 1998 and could exceed the record $1.04 billion in pretax profit from last year's second quarter, the sources told Bloomberg News. Goldman's recovery followed fourth-quarter trading losses that caused earnings to plunge 81 percent, forced the company to delay its initial stock sale and led to the ouster of Co-Chief Executive Jon Corzine. Now, investors say they're hungry to buy a piece of the firm. "I'd love to own Goldman Sachs stock," said Jon Burnham, manager of the $150 million Burnham fund. "I'd even pay a premium for it." The New York-based firm may file a prospectus -- a brief on the company -- for its initial public offering as early as the end of March, said one source familiar with the company's plans. Under that schedule, the firm could start promoting the stock to investors in April and sell shares by midyear. Hawaii's largest charitable trust,Kamehameha Schools/ Bishop Estate, has invested about $500 million for a roughly 10 percent stake in the investment firm.

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