NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) shares fell Tuesday on speculation the bank's fourth-quarter loss could be much larger than expected -- as much as $2 billion -- fueled by the plunging value of many Goldman investments.
In premarket trading, the shares slipped more than 4 percent to $63 from a Monday close at $65.76. They are down 69 percent this year.
Goldman is widely expected to post its first quarterly loss as a public company. The Wall Street Journal, citing unnamed "industry insiders," reported on Tuesday the red ink could total $5 a share.
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