Goldman Sachs likely will settle with regulators over a case involving a collateralized debt obligation, and analysts at Bernstein Research estimate such a settlement will result in a $621 million reduction in earnings, or $1.05 a share.
Citing a legal advisor with whom they have spoken, Bernstein analysts said in a report published on May 27 that many informed lawyers agree the SEC’s lawsuit is just not "very strong.” As a result regulators and the investment bank may want to reach a settlement.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access