Goldman Sachs platform solutions business lost $1.2 billion in 9-months

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Goldman Sachs Group Inc disclosed a pretax loss for its newly-created platform solutions business of $1.2 billion for the first nine months of 2022, the bank said in a regulatory filing on Friday.

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kellydisclosed a pretax loss for its newly-created platform solutions business of $1.2 billion for the first nine months of 2022, the bank said in a regulatory filing on Friday.

The platform solutions business posted higher revenue for the first nine months, but also recorded higher provisions for credit losses and operating expenses.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Looks like cloud based client ecosystems need some fine tuning.

Must've been when George Santos was working there! 🤭🤭

The more the better.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

27 stocks to buy for big earnings beats in 2023: Goldman SachsGoldman Sachs: Buy these 27 stocks that will beat earnings estimates by at least 10% in a year when many companies will see their profits shrink
Source: BusinessInsider - 🏆 729. / 51 Read more »