Banking, finance, and taxes
Goldman Sachs (GS) Finally Does Badly At Something
Published:
Nothing ever goes wrong at Goldman Sachs (NYSE: GS). Their uncanny ability to do well irratates thei competitors to the point of distraction. Due to the company’s performance its shares have done better so far this year than rivals Lehman (NYSE: LEH) and Morgan Stanley (NYSE: MS).
Today news came out that Goldman lost money on more trading days than either Lehman or Goldman. According to Bloomberg "In the three months through Feb. 29, Goldman lost money on 17 days, compared with eight days at Morgan Stanley and seven at Lehman Brothers."
On the days that the company was up, it was probably up well more than its peers. Goldman made over $100 million on twenty-eight of the days in question.
Douglas A. McIntyre
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