BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Don't buy Goldman Sachs' bull]]>http://www.bloggingstocks.com/2008/12/17/dont-buy-goldman-sachs-bull/http://www.bloggingstocks.com/2008/12/17/dont-buy-goldman-sachs-bull/http://www.bloggingstocks.com/2008/12/17/dont-buy-goldman-sachs-bull/#commentsFiled under: , , , , ,

Investment banking star, Goldman Sachs Group, Inc. (NYSE: GS), has many analysts scratching their heads. The turmoil in the financial sector, a weak economy and its conversion to a bank holding company result in a mixture that is difficult to value.

As a result of the uncertainty, GS shares have been trading with a high degree of volatility. Yesterday, a huge piece of uncertainty was removed from the equation.

With some expecting the company to post a massive loss in excess of $5 billion, GS managed to lose only $2.29 billion, or $4.97 per share. Even though the loss was greater than Wall Street expectations, investors cheered that the news was not worse.

GS shares were up $9.54 to $76 per share yesterday after the release.

Continue reading Don't buy Goldman Sachs' bull

Don't buy Goldman Sachs' bull originally appeared on BloggingStocks on Wed, 17 Dec 2008 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank holding companyBankHoldingCompanybanksbankstocksdlugoschfeaturedfinancialsgoldman sachsGoldmanSachsgsWed, 17 Dec 2008 17:30:00 EST