Goldman Sachs Group Inc., which posted a record profit last year, is likely to report a loss for its fiscal fourth quarter, which will end Nov. 30, because of a "terrible" stock market, according to Guy Moszkowski, an analyst at Merrill Lynch & Co. Inc.

Mr. Moszkowski wrote in a note to investors Monday that he now expects Goldman to lose 49 cents a share for the quarter, instead of the $2.98 profit he had predicted earlier.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.