Goldman sachs says economic, financial disruptions due to covid-19 likely to continue to adversely affect firm's business, financial condition, liquidity

Goldman sachs - economic, financial disruptions due to covid-19 likely to continue to adversely affect firm's business, financial condition, liquidity.goldman sachs - reduction in valuation of equity, fixed-income, commodity markets have required co to commit more capital to its market-making businesses.goldman sachs - has ceased purchases of its common stock in order to deploy more capital and liquidity to meet needs of its clients.goldman sachs - effects of the covid-19 pandemic may cause firm to continue to limit future capital distributions.goldman sachs - until pandemic subsides, co expects continued draws on lines of credit, reduced levels in certain of its investment banking activities.goldman sachs - until pandemic subsides, co expects reduced revenue in its asset management, wealth management businesses & increased client defaults.
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