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Goldman Sachs’ Earnings Report Underwhelms Wall Street (NYSE: GS)
Goldman Sachs announced that it was profitable in the fourth quarter of 2011, but the announced results failed to excite Wall Street. The investment bank announced that it made $1 billion, or $1.84 per share, from October through December. The results beat analysts’ estimates of $1.28 per share.
The powerhouse investment bank usually posts stellar results, but the company fell victim to the rocky...
Goldman Sachs (GS), BofA (BAC), Citigroup (C) Fall More Than 3 Percent On Foreclosure Worries
Shares of Goldman Sachs (GS), Bank of America (BAC) and Citigroup (C) led the financial sector lower on Thursday. All three issues finished the session down more than 3 percent after the Federal Reserve told Goldman Sachs to review foreclosure practices at one of its subsidiaries; Litton Loan Servicing.
The impact of the news spread throughout the financial sector as investors worried regulators...