Regulations are hitting Goldman Sachs right in the pocket book

American securities rules enacted in the wake of the financial crisis focus on the areas that make Goldman Sachs the most money, reports the New York Times, raising doubts as to whether the firm will keep being so profitable.

The paper reports that fewer analysts are recommending investors buy Goldman stocks, while the market reputations of competitors Morgan Stanley and JPMorgan Chase are holding up.

Goldman continues to be profitable, in part due to cost cutting. Banks are expected to release their Q3 results next week.

Read more here.

Also read:

Should Canadian advisors follow U.K. and Australia?

Report summarizes OSC’s expectations

5 ways to make compliance an advantage

Staff

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