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December 2, 2008

Goldman Sachs faces $2bn 4Q loss

By Spear's

Goldman Sachs faces a fourth quarter loss of as much as $2 billion, according to industry insiders cited in the Wall Street Journal.

Goldman Sachs faces a fourth quarter loss of as much as $2 billion, according to industry insiders cited in the Wall Street Journal.

The loss would be the first ever for Goldman since it went public in 1999. the loss would equate to $5 per share, more bearish than a recent estimate of a $4 per share loss by Susan Roth Katze of Credit Suisse which contributed to falls in its share price on Monday.

For further details visit thewealthnet

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