Goldman Sachs Group Inc. (GS) is in a Changed Investing Environment

  Goldman Sachs Group Inc. (NYSE:GS) earnings report released earlier today revealed that the company’s revenues are well down from the fourth quarter of last year while the firm’s profits were up to $2.1 billion. The company’s falling revenues have resulted in the company going on a major cost cutting campaign that has managed to grow profit while suffering a drop in revenue of $2 billion, almost the same as the company’s total profits. With revenues still far below they were how long can the company continue to increase its profits? The market was indecisive on that this morning after…