Goldman Sachs (GS) Sees Morning Pressure
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Shares of Goldman Sachs (NYSE: GS) are under pressure this morning, despite upside in the major averages. We have not seen any specific news that would be driving the shares down, but an underlying fear about the business model is likely weighing on investors.
Yesterday, there were reports Goldman talked with Citigroup (NYSE: C) about a potential merger in September, before they raised $10 billion from an investment by Warren Buffett and by selling common stock. In addition, Goldman will receives $10 billion as part of the Treasury injection plan.
The stock is down 6% to $87.30 currently, well below the recent common stock offering of $123 per share.
Yesterday, there were reports Goldman talked with Citigroup (NYSE: C) about a potential merger in September, before they raised $10 billion from an investment by Warren Buffett and by selling common stock. In addition, Goldman will receives $10 billion as part of the Treasury injection plan.
The stock is down 6% to $87.30 currently, well below the recent common stock offering of $123 per share.
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