Tuesday, July 19, 2011

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

Goldman Sachs Disappoints With Earnings of $1.05 Billion

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.

1 comment:

Dinah said...

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