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Goldman Sachs (GS) just slipped into a bear market, but its latest earnings report hardly looked bearish. Shares closed at $902 on Friday, more than 21% below their July record of $1,153.99. That decline has investors asking whether the selloff is finally creating an attractive entry point or signaling that the bank's earnings boom is starting to fade.
The question got more complicated by Goldman's latest quarter. The bank reported $20.34 billion in second-quarter revenue, beating the $16.22 billion estimate, while EPS of $20.98 crushed the $14.47 consensus. Revenue surged 39% year over year, and net earnings reached $6.63 billion.
