Tuesday, October 18, 2011

Goldman loses US$428m in 3Q

NEW YOK: Goldman Sachs Group Inc lost $428 million during the third quarter, only its second quarterly loss as a public company, hurt by sharp declines in the value of investment securities and customer trading assets.

The largest U.S. investment bank lost 84 cents per share, compared with earnings of $2.98 per share a year earlier, according to Reuters on Tuesday, Oct 18.

Analysts had been expecting, on average, a loss of 16 cents per share, according to Thomson Reuters I/B/E/S. - reuters

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