Goldman Sachs is about to report its worst quarterly earnings in years – Semafor
FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid/File Photo
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(Reuters) – Goldman Sachs (NYSE:GS) will report its worst quarterly earnings in years next week, with a return on equity in the low single digits, Semafor reported on Thursday citing people familiar with the matter.
Writedowns on Goldman’s GreenSky consumer-lending business and on holdings of commercial real estate, are likely to exceed $2 billion, the report added.
