Goldman Underperforms Expectations By Doing Only 25% Better Than Expected Â« Dealbreaker: Wall Street Insider -- Financial News, Headlines, Commentary and Analysis -- Hedge Funds, Private Equity, Banks

2012-10-17 — dealbreaker.com

``In the far distance, what do you make of it? The most awkward moment of the call for me was when the UBS analyst asked the CFO tag team to try to give him a sense of future Investing & Lending profits. You can't do that! Investing & Lending is like the stochastic slush fund; revenues were $1.8bn this quarter versus $200 last quarter and ($2.5bn) this time last year. If you could predict those revenues you shouldn't be a banking analyst. The tag team went like this, paraphrasing wildly:''

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