Goldman Gives Up Early Gains As CFO Sees No Buybacks In Q2

Blowout earnings were not enough to keep Goldman Sachs green as while everything looked ‘awesome’ before the bell, when Goldman’s CFO Martin Chavez told investors on the call that there will be no share repurchases in Q2, he spoiled the party…

Investors seemed not to like that news…

And so it is clear that while “earnings matter,” “buybacks matter moar!”