Tuesday, July 19, 2011

Sad, Sad, Sad...What Have We Come To?

July 19, 2011, 8:31 amInvestment Banking

Goldman Sachs Disappoints With Earnings of $1.05 Billion

By SUSANNE CRAIG
The entrance to Goldman Sachs on Wall Street.Shannon Stapleton/ReutersThe Wall Street entrance to Goldman Sachs.
8:45 a.m. | Updated Goldman Sachs reported profit of $1.05 billion on Tuesday, a weak showing that reflected the firm’s costly move to reduce risk and cut back trading activities.
The performance of the investment bank, which has largely shed the legacy of the financial meltdown, points to the new reality on Wall Street. Amid regulatory and economic uncertainty, Goldman is struggling to lift its earnings power to precrisis levels.
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1 comment:

  1. DinahSeptember 14, 2012 at 1:28 AM

    Quite helpful piece of writing, much thanks for this article.

    ReplyDelete