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Goldman Sachs Stocks Slip as Rates Threaten the Deal Pipeline
GuruFocus ·
GuruFocus reports: Goldman Sachs , the global investment bank, approaches its October 13 earnings report with shares down approximately 0.52% to $882.60 at 10.44am EST on October 8. According to Reuters, elevated yields are putting deal activity and bank funding costs under scrutiny. For Goldman, the question is simple: How much of its deal pipeline will turn into fees? Expenses add another hurdle. CEO David Solomon told investors that equities activity remained strong, while fixed-income,…
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