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Goldman faces $2 billion loss: report

  Goldman Sachs Group Inc is likely to report a net loss of as much as $2 billion for the Q4, the Wall Street Journal said, citing industry insiders.

 

The quarterly loss, equivalent to about $5 a share, will be Goldman’s first ever as a public company, as it faces writedowns on everything from private equity to commercial real estate, the paper said. Analysts on average are expecting a loss of $1.27 a share, excluding items, for the quarter ended November 28, according to Reuters Estimates. (Reuters)