Goldman Sachs announces 845 million dollar loss in Q3
The largest US investment bank Goldman Sachs on Tuesday announced a third-quarter profit loss of 845 million dollars, but stressed the company was doing better than its competitors.
The loss compares to a 2.9 billion dollar profit for the same quarter in 2007, the bank said in a statement from in New York.
Despite the loss, Goldman Sachs could boast that it was still a going concern unlike competitors Lehman Brothers (which filed for bankruptcy Monday) and Merrill Lynch
(which was sold to the Bank of America).
The loss for Goldman drove the company's overall profit down from 6.13 dollars per share to 1.81.
Analysts had expected the company to post a small profit.
- Login or register to post comments
Print
Email to friend
You May Also Like..
Must reads
The accidental discharging of a Taser gun by an officer in Bendigo earlier this month, has Victoria Police defending the training provided to...
Andrew Miller, 43, who repeatedly threatened to kill and seriously injured a woman in a hotel room in Ballarat last June, has been sentenced to at...
Australian and New Zealand victims of thalidomide, the birth defect drug have negotiated a remarkable compensation payout with the help of an 86...
The NSW government is under fire for failing to disclose when the state’s unflued school heaters will be replaced or how much it will cost to...
A former teacher, who taught at a Melbourne school for the deaf will not go to jail for making student expose themselves in class, as he has...
The United States has been called upon to lift travel restrictions on sex workers and drug users by rights groups that featured significantly at...
According to the Manchester Evening News, the British Heart Foundation (BHF) aiming to raise awareness about heart disease among the Islamic...
Many GPs are deeply concerned about the impact the changes will have on their relationship with patients, and fearing it could have the reverse...
Featured Articles
-
Vitamin D known for playing a key role in bone...
-
The Therapeutic Goods Administration (TGA)...
-
According to a new study, sitting for long...
-
Feeding creates a bond between parent and...
-
The wide-eyed Japanese anime characters and a...
