Goldman Sachs is about to report its worst quarterly earnings in years – Semafor
1:41 pm Thursday, July 13th, 2023
(Reuters) – Goldman Sachs will report its worst quarterly earnings in years next week, with a return on equity in the low single digits, Semafor reported on Thursday citing people familiar with the matter.
Writedowns on Goldman’s GreenSky consumer-lending business and on holdings of commercial real estate, are likely to exceed $2 billion, the report added.
(Reporting by Kanjyik Ghosh in Bengaluru)
