Goldman Sachs (GS) Lower Again
Shares of Goldman Sachs (NYSE: GS) are lower again today, and failed to hold Jim Cramer's $75 Buy price. Shares are currently down nearly 7% to $72.47.
There is no specific news on Goldman, but some headlines and rumors are painting a picture of what the new, slower growing Goldman will look like:
- Last week, job cuts at Goldman started taking effect. Some muni-bankers and equity analysts were reportedly fired, among others.
- More rumors Goldman could buy a deposit bank.
- Rumors of another capital raise, even after the $10B raise in Sept and the $10 billion from the TARP. (CNBC's David Faber just reported that his sources indicated that nothing is currently pending)
- More estimate cuts. Today it was Barclays.
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