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...