Banking, finance, and taxes

Goldman (GS) And Lehman (LEH) Could Have Q4 Write-Downs

Analysts are beginning to talk about how large the write-downs may be at financial institutions when earnings are reported for the next quarter.

"Everybody will have write-downs in the fourth quarter," Charles Peabody, partner at New York-based research firm Portales Partners LLC told Reuters. He believes that Goldman (GS) and Lehman (LEH) made not have hedged the mortgage exposure enough.

Douglas A. McIntyre

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.