July 20 (Bloomberg) — Charles Ortel, managing director at Newport Value Partners, talks about Goldman Sachs Group Inc.’s second-quarter profit reported today and outlook. Ortel sees “considerable downside” for Goldman’s stock. Goldman said profit dropped 82 percent, missing analysts’ estimates on a slide in trading revenue five days after settling U.S. regulators’ fraud allegations. (This report is an excerpt of the full interview. Source: Bloomberg)

, , ,

Leave a Reply