Brokers Lose Jobs as More Rate Turkish Bank Than Goldman

Updated on
  • About 30% of brokerages posted losses in the first quarter
  • Turkish stocks are headed for their worst year since 2011

One sign of just how overcrowded Turkey’s brokerage industry has become: more analysts rate the nation’s fifth-largest listed lender than cover Goldman Sachs Group Inc., the New York-based bank that’s more than 20 times its size.

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