Goldman's tepid growth may be Wall Street's "new normal"

04/20/2011 | New York Times (tiered subscription model), The

The first-quarter earnings reported by Goldman Sachs were twice what many analysts were expecting, but quite a few investors saw them as a reminder of how much has changed since the global financial crisis. Goldman's numbers may be a preview of Wall Street's "new normal," some analysts said. "Everyone is saying this sector is dead money," said Barclays Capital analyst Roger Freeman. "I hear it over and over, and Goldman is part of that."

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