Why Goldman Sachs' Earnings Bode Poorly for the Economy
Earlier this week, the nation's largest independent investment bank, Goldman Sachs , reported earnings for the first quarter of 2013. At first glance, the results seemed to bode well for the economy, as both its top and bottom lines expanded. However, upon closer inspection, nothing could be further from the truth. In the video below, Motley Fool contributor John Maxfield walks readers through why this is so.
During the financial crisis, Goldman Sachs did so well pivoting to avoid the worst of the fallout that it had to downplay its success to duck public ire and conspiracy theories. Today, Goldman is still arguably the powerhouse global financial name, and yet its stock trades at a valuation of less than half what it fetched prior to the crisis. Does this make Goldman one of the best opportunities in the market today? To answer that question, I invite you to check out The Motley Fool's special report on the bank. In it, Fool banking expert Matt Koppenheffer uncovers the key issues facing Goldman, including three specific areas Goldman investors must watch. To get access to this report, just click here.
The article Why Goldman Sachs' Earnings Bode Poorly for the Economy originally appeared on Fool.com.John Maxfield has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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