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Profits At Goldman And Lehman Cut In Half

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http://www.marketwatch.com/news/story/gold...ist=SecMostRead

NEW YORK (MarketWatch) -- Wall Street titans Lehman Bros. and Goldman Sachs, at the center of a credit storm swirling through the global financial markets, both said Tuesday their first-quarter profits fell more than 50%, as investment-banking business slowed and trading revenues declined.

However, the results came in ahead of analyst expectations for Lehman and Goldman alike, and investors bid their respective shares higher.

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http://www.marketwatch.com/news/story/gold...ist=SecMostRead

NEW YORK (MarketWatch) -- Wall Street titans Lehman Bros. and Goldman Sachs, at the center of a credit storm swirling through the global financial markets, both said Tuesday their first-quarter profits fell more than 50%, as investment-banking business slowed and trading revenues declined.

However, the results came in ahead of analyst expectations for Lehman and Goldman alike, and investors bid their respective shares higher.

And the market has taken this as good news....!

They're like players at a roulette wheel, down on their chips and forced to the outside - do we bet red or black, red or black?

Sometimes they win, sometimes they lose.

Then every so often, a zero-event - like a bank bust - turns up, and the market takes all.......

Edited for typo.

Edited by Methinkshe

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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