1. Goldman: The Same as It Ever Was.
- Author
-
Goldstein, Matthew
- Subjects
FINANCIAL statements ,CORPORATE profits ,INVESTORS ,BUSINESS finance - Abstract
In this article the author examines the financial report released by the investment firm Goldman Sachs & Co. regarding its first-quarter earnings. He notes that the firm reported a better-than-expected profit amidst recession but offered investors with less information on how the profits have been made. He mentions that the firm excluded its $780 million loss in December 2008 in the report. He discusses the skepticism of investors towards the firm and the risk of potential trading loss at it.
- Published
- 2009