Goldman Sachs, where's the disclosure?
Goldman Sachs sparked a lot of talk with its strong first-quarter earnings. While shareholders were heartened by the big upside surprise, others focused on the big December loss. Business Week raises another issue: "Even more significant may be Goldman's failure to publish a 'financial supplement' that provides a detailed breakdown of the performance of its various business groups."
Additional disclosure is common. The article notes that JPMorgan Chase made a 40-page documents available with its earnings press release. Goldman Sachs did make a two-page comparison of various ratios available, but nothing more. It says, however, that it will offer more details in its upcoming 10Q.
For more:
- here's the article
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