3 ms·

> I'm really surprised the stock hasn't taken more of a hit from this case. Already priced in long ago. Agreement in principle was made in January. http://w

> I'm really surprised the stock hasn't taken more of a hit from this case. Already priced in long ago. Agreement in principle was made in January. http://www.goldmansachs.com/media-relations/press-releases/current/announcement-14-jan-2016.html http://www.goldmansachs.com/media-relations/press-releases/c... Reserves for these penalties were allocated last year.

dotndip 11y ago
Yeah, and stock actually moved up in the short term when this was first announced since a settlement was reached. http://www.nytimes.com/2016/01/15/business/dealbook/goldman-to-pay-5-billion-to-settle-claims-of-faulty-mortgages.html http://www.nytimes.com/2016/01/15/business/dealbook/goldman-... TLDR: Other wall street bank settlements were much greater.