Goldman loses $428 million in third quarter

By Reuters
Tuesday, October 18, 2011 8:02 EDT
google plus icon
  • Print Friendly and PDF
  • Email this page

(Reuters) - 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.

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

(Reporting by Lauren Tara LaCapra in New York; editing by John Wallace)



Reuters.com brings you the latest news from around the world, covering breaking news in business, politics, technology, and more.
By commenting, you agree to our terms of service
and to abide by our commenting policy.