Survey: TARP driving 8.5 percent profit
American Express and Goldman Sachs ranked among the top five most profitable investments for taxpayers, according to SNL Financial, a market research firm that released the survey.
The survey looked at 49 companies that have repaid money and fully exited the $700 billion financial bailout Congress passed in 2008 in the thick of the worst financial crisis since the Great Depression.
The Treasury Department said Friday the government had been repaid $181 billion from the program, and predicted that the bailout would be a net profit to taxpayers. The profits stem from early repayments, stock sales, dividends and warrants issued under the bailout.
Here are the five most profitable returns, according to SNL:
1. Centra Financial Holdings – 26.2 percent
2. First ULB Corp – 26 percent
3. American Express – 23.3 percent
4. Goldman Sachs – 20 percent
5. First Manitowoc Bancorp – 19.5 percent
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