Goldman Sachs Posts 3Q Loss - WAOW - Newsline 9, Wausau News, Weather, Sports

Goldman Sachs Posts 3Q Loss


(CNN)--Goldman Sachs saw big losses in the third quarter this year.

Today, it reported a net loss of 393-million dollars.

That's more than analysts expected.

And it's definitely a reversal from last year when the bank posted a net income of more than a billion dollars.

This is the first time since 2008 that the bank has posted a loss.

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