Goldman Sachs' giant bonus PR headache

goldman-sachs-giant-bonus-pr-headache
goldman-sachs-giant-bonus-pr-headache

Goldman Sachs Group Inc. (GS) faces a gargantuan public relations headache when it reports third quarter results Wednesday.

Investors will be angry if the New York-based bank fails to hit Wall Street's consensus of earnings of $4.24 per share on revenue of $11.02 billion, or if it does not give bullish enough guidance. The Obama administration and members of Congress, on the other hand, will be furious if Goldman Sachs' earnings are too good. They will wonder how much of its success was the result of the $10 billion in TARP funds that it received and has since repaid. Goldman also benefited from the government's bailout of American International Group Inc. (AIG).