A Goldman Sachs analyst who recently attended a concert at a venue that has had battles with the New York State Liquor Authority over alleged drug use at the venue has been found dead. John Castic, 27, was last seen Saturday at about 2:30 a.m. after he left a concert at the Brooklyn Mirage. His body was found Tuesday in a section of Newtown Creek called English Kills. “They have found his body and confirmed it’s him,” said Jeffrey Castic, John’s father, according to WNYW-TV. “It appears to have been...

NEW YORK, NY – A tragic update in the case of missing Goldman Sachs staffer John Castic has been reported by the New York City Police Department. The body found in a New York City creek has been identified as that of John Castic. The 27-year-old was a member of Goldman’s controllers team, working closely with its asset and wealth management business, according to the Wall Street firm. John Castic had been missing since Saturday at around 2:30 a.m. after leaving a “Zeds Dead” concert at The Brooklyn Mirage in...

It’s a tough time to be in the real estate business. That means Goldman Sachs Group Inc. is feeling some pain, too. The bank isn’t the largest property lender, but it has more than $14 billion of real estate investments. Writedowns of those bets helped drive a $1.15 billion hit in the second quarter. The firm didn’t detail which properties drove the loss, which was spread across equity and debt investments on its balance sheet as well as some consolidated investment entities. Goldman added a slide on its commercial real...

Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of the mega bank’s business, dry up. The Wall Street titan also felt the pain of a nearly $1 billion reduction in the value of its consumer and real estate businesses. Goldman saw its investment banking revenue decline by about 20% in the second quarter of 2023, according to its latest earnings report, released Wednesday. Trading revenue also fell by about 12%. Overall, profit fell by 58% from a year ago, to $1.2...

Goldman Sachs GS 3.08%increase; green up pointing triangle reported significantly lower profit for the second quarter, hurt by write-downs in its consumer and asset-management businesses. The bank on Wednesday said quarterly profit was $1.22 billion, down 58% from a year ago. That amounted to $3.08 per share, which missed the $3.16 per share expected by analysts polled by FactSet. Revenue was $10.9 billion, down 8% from a year ago. That still beat the $10.61 billion expected by analysts. Goldman is the only one among its big-bank peers to miss per-share...

Goldman Sachs reported a profit of $1.1 billion in the second quarter, down more than 60 percent from last year. The bank in particular highlighted write-downs in the value of its commercial real estate portfolio, a $1.2 billion hit to profit, and the buy-now-pay-later firm GreenSky, which subtracted nearly $700 million from its earnings. Goldman acquired GreenSky less than two years ago, as part of an ill-fated foray into consumer lending. Quarterly revenue, at $10.9 billion, was 8 percent lower than last year. The bank employed 44,600 people at the...

Goldman Sachs Group Inc. GS, stock was down 0.7% in premarket trades Wednesday after the bank reported second-quarter earnings that fell short of Wall Street’s lowered expectations. Goldman Sachs said its earnings for the three months ended June 30 fell by more than half to $1.07 billion, or $3.08 a share, from $2.79 billion, or $7.73 a share, in the year-ago period. Goldman fell short of the analyst expectation for earnings of $3.16 a share, according to estimates compiled by FactSet. Goldman Sachs’s second-quarter revenue fell to $10.9 billion, from...

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...