Posted
Jun 17 2008, 12:52 PM
by
Matt Koppenheffer
Ok, I'll admit that scoring Goldman Sachs' quarterly report is difficult. Was it actually a birdie because the firm easily topped analysts' earnings expectations? Or was it a bogie because earnings per share fell 7% from last year?
Either way what's clear is that Goldman is once again showing that it's the Tiger Woods of the investment banking and brokerage industry. Though it may have found itself in a sand trap here and there, the firm's solid fundamental play has kept it on the fairway more often than not during a tough year. Meanwhile, competitors like Lehman Brothers, Morgan Stanley, and Merrill Lynch have spent an awful lot of time in the rough and have been scoring double-digit bogies. And of course let's not forget Bear Stearns, which was unceremoniously asked to leave the course altogether.
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