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GOLDMAN, M.STANLEY PROFITS PLUNGE AS DEALMAKING DRIES UP
AppleMagazine
|AppleMagazine #586
The profits for two iconic Wall Street firms — Goldman Sachs and Morgan Stanley — plunged sharply last quarter as volatile markets cut deeply into investment banking.
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Goldman’s profits tumbled 66% to $1.33 billion in the fourth quarter, it said Tuesday, well below what Wall Street had expected. Profits at Morgan Stanley slumped 40% to $2.2 billion, barely beating analyst projections.
Expectations for Goldman and Morgan were already grim after quarterly results last week from JPMorgan Chase, Citigroup and Bank of America.
Diese Geschichte stammt aus der AppleMagazine #586-Ausgabe von AppleMagazine.
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