4 Financial Stock Stories for the Beginning of the Month

Goldman Sachs Group (NYSE:GS): Closing price $150.44

Goldman has lowered its risk-taking for a third consecutive year, while potential losses from trading positions are falling to their lowest level in seven years, representing a more prudent stance towards markets. The firm’s average daily value at risk in 2012 was $86 million, which was down by 24 percent from 2011, according to a Friday filing with the Securities and Exchange Commission. This measure indicates how much cash Goldman estimates it could lose on an average day, within a 95 percent confidence range.

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