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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Bank earnings ‘off to a good start,’ with Bank of America and Goldman Sachs on deckFirst-quarter earnings from the largest U.S. banks are off to a mostly positive beginning despite a tough start to the year for the sector, analysts said. And $pnfp Inflation with a recession coming & the big banks are still making tons of money Find out what they don't want you to know about how the system really works This book helped me get my credit score over 800 with low debt & low interest rates payitforward
Source: MarketWatch - 🏆 3. / 97 Read more »