Goldman Sachs is back in the headlines. Greg Smith, a former vice president, is promoting his tell-all book “Why I Left Goldman Sachs.” Smith’s resignation, through an essay in The New York Times, raised eyebrows back in March. But investors don’t seem to be concerned about Smith speaking out and instead are focusing on the investment bank’s results. Goldman’s third-quarter earnings of $2.85 per share easily beat financial analysts’ estimates, but CEO Lloyd Blankfein struck a cautious note, referring to the “still challenging economic environment.” Even so, Goldman's earnings were strong enough to enable the bank to raise its quarterly dividend to 50 cents per share from 46 cents. The stock now offers a yield of 1.6 percent.
Associated Press
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