Lloyd Blankfein

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Goldman Posts Loss, Downgraded by Moody’s 

Dec 16, 2008By

Goldman Sachs Group [stock GS][/stock] on Tuesday posted a $2.29 billion loss, -$4.97 per share, during its fiscal fourth quarter — the first quarterly loss since the firm went public in 1999 and a sign that the nation’s credit crisis has yet to run its course at major investment banking operations. Goldman earned $3.17 billion, $7.01 per share, in the year-ago period.

3d rendering of a row of luxury townhouses along a street

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