Mergers, Acquisitions, Venture Capital, Hedge Funds — DealBook – New York Times
Yet another Wall Street analyst has joined the crowd forecasting that Goldman Sachs will have no choice next month but to report its first-ever quarterly loss.
Brad Hintz of Bernstein Research sent a research note to clients on Monday predicting that the investment bank-turned-bank holding company, would lose 54 cents a share for the three months ending in November, compared with earlier estimates that had Goldman making $2.12 a share.
Mr. Hintz joins a slew of analysts, including David Trone of Fix-Pitt Kelton, in forecasting a loss at Goldman Sachs. Like the other analysts, Mr. Hintz attributed the expected loss primarily to reduced sales and trading revenues in the fixed-income and stock markets, where conditions are difficult and volatile.