Last quarter, what with the stock having fallen from 260 to 70, everyone was saying that a bad 4Q report was already priced in. Yet, the stock fell into the 30's in a single day after that report. People are now saying the same thing about this quarter. But there's no reason to expect a different reaction.
Papa spoke at an investor conference yesterday... guess it didn't go too well.
You don't need an analyst to tell you where this company is headed. Crushing debtload, decreasing revenue, management shuffling, delayed reports, investigations from multiple federal agencies.
Different parts of Goldman, who by law cannot collude with each other. Not surprising the numbers are different.
It's up just because the market believes interest rates are going up in June. Quality financials like C and BAC are also up today, around 5%. If there's no rate hike, this is going back to the lower 3's.
Which of those companies had positive net income last year and which had negative?