Poor stress test results could hobble Goldman Sachs

Last week, the Federal Reserve performed stress test on U.S. banks. And Wall Street leader Goldman Sachs didn’t quite make the grade, reports The New York Times Dealb%k.

The outlet says, “Goldman performed poorly compared [to] other big banks. Now analysts and investors are worried the bank could be barred by regulators from buying back its own stock or increasing dividends.”

It adds Goldman has used both tactics to boost the appeal of its stock when business slows. Read more.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.