Goldman Sachs 'cautious' despite $11.6bn profit

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. To comment on this story, contact: Hysni Kas...