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Goldman may post $2 billion loss - report

Firm likely to report quarterly loss of $5 a share, according to Wall Street Journal.

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Last Updated: December 2, 2008: 4:23 AM ET

LONDON (CNNMoney.com) -- Wall Street firm Goldman Sachs may report a quarterly net loss of as much as $2 billion, according to a report in the Wall Street Journal.

The newspaper, citing industry insiders, said the loss of $5 a share for the quarter ended Nov. 28 would be five times the current analyst projection.

The expected loss would be Goldman's (GS, Fortune 500) first quarterly loss since it went public in 1999, the Journal said.

First Published: December 2, 2008: 4:21 AM ET

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