Goldman Sachs is the last big bank out of the gate with second-quarter earnings, and things don’t look pretty. Profit fell 58% from one year ago, to $1.22 billion. That amounted to $3.08 per share, missing the $3.16 per share that analysts polled by FactSet had expected. Revenue fell 8% to $10.9 billion, though that beat the $10.61 billion analysts forecast. Some big news: Earnings took a big hit from Goldman’s ongoing exit from consumer lending. Goldman wrote down $504 million of “goodwill” related to its consumer platforms unit. That...
Goldman Sachs Profit Falls 58%
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Join Living Room Conversations, our civil dialogue partner, and America Indivisible for a nationwide conversation on April 13, Thomas Jefferson’s 276th birthday. "Reckoning with Jefferson: A Nationwide Conversation on Race, Religion, and the America We Want to Be" will be held via in-person and online video discussions. Sign up today!
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