Thursday, October 15, 2009

Goldman Sachs Earnings: Why Are The Shares Slipping? (GS)

The stock is down $2.75 at $189.53. From MarketBeat:

Can you beat and still disappoint? It seems like Goldman did.

Goldman Sachs’ third-quarter earnings more than tripled from a year earlier thanks, in part, to fees it takes from trading of bonds, currencies and commodities. Revenues there soared more than threefold. The company’s results were also bolstered by its principal investments — or bets the company makes on its own behalf. Sales in that segment jumped 55% from second quarter after losing money a year earlier....MORE