Goldman Sachs (GS) is downgraded to BBB+ from A- by Egan-Jones, citing Q2 results, including net...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) is downgraded to BBB+ from A- by Egan-Jones, citing Q2 results, including net revenues off 9%, with investment banking revenues off 14%. Combine the weak operating environment with the Volcker rule, and there's your downgrade.