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Goldman Sachs swings to wider-than-expected loss


NEW YORK (MarketWatch)
Goldman Sachs Group Inc. said on Tuesday that it posted its second quarterly loss in history in the third quarter, swinging to a deficit of $393 million, or 84 cents a share, compared to a profit of $1.74 billion or $2.98 a year ago.
Net revenues fell to $3.59 billion, from $8.90 billion a year ago.
Analysts polled by FactSet Research expected the firm to lose 7 cents a share on net revenues of $4.69 billion.

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