Investment banking giant Goldman Sachs remains concerned about the outlook for markets in the near term despite recording an $11.6bn profit in 2007.
As many global banks reveal massive sub-prime related losses, Goldman’s has bucked the trend, reporting $3.2bn Q4 earnings.
Goldman CEO Lloyd Blankfein lauded the result, saying the firm sees “significant growth opportunities across the global economy".
But in a conference call with reporters, Goldman chief financial officer David Viniar says the firm could be in for a challenging period.
"We're cautious about the near-term outlook for our businesses as we see dislocation in some of the world's capital markets has continued," he says.
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