Goldman Sachs broke a record Wednesday. But not the kind shareholders typically rejoice about.
The stock fell for the 11th day in a row, its longest consecutive-day losing streak dating back to the company's initial public offering in May 1999. Goldman's second longest losing streak was a nine-day slide in May of 2008.
Shares fell more than 1.1 in early trading Wednesday but closed 0.9 percent lower, bringing Goldman's total decline to roughly 6 percent over the 11 days.
The stock is down about 10 percent this year, compared to an 8 percent rise in the S&P 500. Morgan Stanley is down about 9.5 percent this year, while rival J.P Morgan is up about 6 percent.