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It takes CNN money almost 2 weeks to catch up with Ivy Investment Group's forecast

|Includes: BAC, C, Goldman Sachs Group Inc. (GS), JPM, MS

CNN Money released an article explaining the replenished fortunes of financing giant Goldman Sachs.  Great article, but it was no revelation to the investors at Ivy Investment Group. We already published information almost 2 weeks prior. Here's a piece of the CNN article:

"But love him or hate him, you have to give Lloyd and the rest of Goldman Sachs a lot of credit for one thing. Goldman is once again so insanely profitable that it has been forgiven by traders for that whole SEC mess earlier this year.

After the SEC alleged in April that the way Goldman Sachs handled the structuring and marketing of a complex mortgage security known as Abacus was fraudulent, the stock immediately took a nasty tumble.

But shares of Goldman Sachs (GS, Fortune 500) (or "The Goldman Sachs" if you've watched the hilarious Xtranormal Fed QE2 video) are up about 30% from their 52-week low in June. The stock is now less than 10% lower than where it closed the day before the SEC filed its suit against Goldman.

So is it back to business as usual for Goldman? It does appear that the worst may be behind it. Goldman settled with the SEC in July for a record, but still relatively paltry, sum of $550 million.

And all the worries about Goldman losing investment banking market share to the likes of Morgan Stanley (MS, Fortune 500), Bank of America (BAC, Fortune 500), JPMorgan Chase (JPM, Fortune 500) and Citigroup (C, Fortune 500) appear to have been for naught as well.

Looking at the recent results for the company, it's easy to understand why the stock has come roaring back. Even though earnings fell in the third quarter from a year ago, Goldman still reported a $1.9 billion profit. That topped analysts' expectations. "
It is clear that the other banks are keeping an eye on Goldman Sachs and that we are already ahead.  I don't see Goldman Sachs slowing down any time soon.  Perhaps all we will see is a price correction here or there.  Nothing serious though.
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Maurice Ivy
Senior Partner
Ivy, Whitfield, and Associates, G.P.

Disclosure: At the time of this article, I and some of my investors, have "long positions" in GS and JPM. I have no positions in BAC, C, or MS, nor have I advised any of my investors to do so.