Goldman Reports Lower Earnings, Sells Part of Marcus Loans Portfolio

Goldman Sachs Group Inc. is next out of the gate with first-quarter earnings.That amounted to $8.79 per share, beating the $8.14 per share that analysts polled by FactSet had expected.

Investment banking revenue fell 26%.The big news: Goldman sold part of its Marcus loans portfolio, booking a loss of about $470 million. It transferred the rest of the portfolio to “held for sale.” The bank has been paring back its Main Street ambitions.

It is the Real Estate Loan portfolios that will be hit most.

Time to start getting DJ gigs buddy.

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