Company Reports – Page 97

Goldman Sachs Earnings Fall Short of Expectations, Causing Alarm

The Wall Street giant reported that its profit fell by nearly 70 percent in its latest quarter, lagging results at its rival Morgan Stanley.

By Rob Copeland

The bank, the biggest in the United States, reported a large profit in its latest quarter, but said it was girding for a downturn later in the year.

By Rob Copeland

The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.

By Neal E. Boudette

Both banks increased their reserves as protection against deteriorating economic conditions, but signaled optimism about consumer resilience.

By Stacy Cowley