Goldman Drops as Bove Says Sell on Pressure to Prosecute
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Goldman Sachs Group Inc. closed at its lowest level in more than eight months after an analyst told investors to sell the stock on concern that the Department of Justice faces growing pressure to bring claims against the firm.
The bank dropped $5.13, or 3.5 percent, to $142.75 in New York Stock Exchange composite trading, the biggest decline since a 4.7 percent decrease on Jan. 19. The last time the stock closed lower was Sept. 2.