Thanks for sharing this. I was wondering about GS as they have performed really well through all this. But was wondering about their own exposure too. Thanks.
Yes, but by guiding with the $3B number - it becomes just that! Dumbass perma-bulls will say it now is "old news" and therefore already priced into the market. So we CAN now go up from here!!! It IS ugly, man. pS
$3 Billion Can we believe that figure or should they just round it up to 20-30 billion dollars...... GS isnt worth 155 a share, if BSC is worth $2 a share I would place GS with a value of about 50 bucks at most.
GS's report - whatever it is - is likely going to be the best case scenario and ceiling for all the other IBs reporting.
JPM bid $2 a share for BSC, doesn't necessarily mean they're worth only that. I have a feeling JPM got away with a huge steal on this as the real estate alone is more than what they paid, we will only know in hindsight though.