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Goldman Sachs(GS Quote) is likely to report a net loss of as much as $2 billion for its quarter ended Nov. 28, the Wall Street Journal reports, citing industry insiders.
The loss, equal to about $5 a share, would be about five times as steep as the current analyst consensus for the Wall Street firm, as it faces write-downs on everything from private equity to commercial real estate, the newspaper reports. Analysts surveyed by Thomson Reuters expect Goldman to report a fourth-quarter loss of $1.06 a share.
Analysts and investors have been bracing for Goldman's first quarterly loss since it went public in 1999. But pessimism has grown sharply. ...
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