Goldman Braces for Loan Losses, But Its Wall Street Arm Shines

Goldman Sachs Group Inc.’s profit fell 46% in the first quarter, a three-month stretch when the coronavirus pandemic battered markets, companies and investors hoarded cash and the U.S. economy ground to a halt.

The Wall Street bank reported a quarterly profit of $1.21 billion, or $3.11 a share, down from $2.25 billion a year ago. Revenue of $8.74 billion was basically flat from the first quarter of 2019.

Don’t forget what Goldman Sacks did to US a few years back..

They still make money. Their clients lose but top execs make out like bandits by puts and bailout $$$.

🎻

Hope they'll be alright.

Wow. ONLY a billion? I feel your pain.

So there is a brightside to this pandemic after all.

Awww should we feel bad for them .... do they need a bail out crooks

They had a profit of $1Billion plus. I have zero sympathy.

Ohhh poor GS bankers 😰😰

TedrosResign

Progressives got their wish. Welcome to the socialists' paradise.

Economic collapse, political collapse and then persecution of Christians..... The end will come Jesus warned.

Looking for a bailout to make up the difference?

Well this out to level the field between the poor and the rich.

probably due to lack of illegal activities...

The Words of Thomas Jefferson' the money should be taken away from the banks & given back properly to whom it belongs' We The People' . As we begin a new day, just as in song ' this land is your land, this $ belongs to you & me'., America a Revolution creating a $ windfall awaits

Oh dear only a billion! That’s terrible what shall we do now.

Say it to his face! Killing people is not the way to make money DJT. WhereAreTheTests?!!!

I feel for them. There quarterly profit falls 46% and they still have a million $ profit. Who the fuck makes a billion $ profit in a quarter? This is what’s wrong with the system.

Capitalists:

And ?

Hmmm......I wonder where the other $1.999T is going to end up...

Thoughts and prayers.

See how much power the people have? 🐝🐝🐝🐝🐝🐝🐝🐝🐝

Womp womp

Boo Hoo

Oh didums! Very sad! 🙄

Bet the bonuses stay the same

Awwwww

Oh no, now realDonaldTrump is gonna bail them out more 🙄🙄🙄

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