Goldman Sachs posts first loss since public opening
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Goldman Sachs posts first loss since public opening

December 16, 2008 – 1:41 pm – No Comment

Goldman Sachs posted a $2.29 billion loss today, its first loss since becoming a publicly traded company in 1999.

It lost $4.97 per share in the quarter ended Nov. 30, last year in the same quarter it earned $3.17 billion or just over $7 a share.

Other investment and banking firms are expected to report losses this week also. Amid the current financial crisis, there isn’t a lot of good news floating around on Wall Street, or any financial sector.

Goldman Sachs posts first loss since going public – Yahoo! News

Jeremy
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