The Goldman Sachs Group Inc.’s fourth-quarter loss estimate was widened in a research note released yesterday by Morgan Stanley analyst Patrick Pinschmidt, Investment News report.
He projects that New York-based Goldman Sachs will report a fourth-quarter loss of $4.45 a share, compared with his previous estimate of a $1.09-a-share loss.
A major reason for the revised forecast is an expectation that negative marks on Goldman’s illiquid-asset and principal-investment portfolios will increase to $7.4 billion from $4.1 billion, the report said.
The full story is available at the Investment News web-site.
D.C.