4 Financial Stock Stories to Take to the Bank
Goldman Sachs Group (NYSE:GS): Current price $150.83
Knowledgeable sources on Monday said that Goldman Sachs intends another series of job cuts as soon as this week, with its equities-trading division targeted for more cuts than fixed-income trading. The sources related that equities will probably experience more than 5 percent of the eliminations, with fixed-income having a lower number than that. This is the time of year that the Wall Street banks typically shuffle off their weakest 5 percent of employees throughout the entire firms, but as the trading business continues to see weak volumes and earnings, the losses might be deeper in some businesses.
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