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Goldman Sachs' third-quarter profits took a 36% hit, primarily due to a writedown on its GreenSky fintech business and real estate investments. However, stronger-than-expected bond trading helped the bank beat trading revenue estimates. CEO David Solomon faced another difficult quarter as Goldman Sachs continued to pull back from retail and consumer banking. Despite higher mortgage rates, the bank upgraded a homebuilder stock, signaling its potential to outperform. Looking ahead, Goldman Sachs lifted Europe Inc's 2023 profit growth forecast to 3%, reflecting a positive outlook. Dealmaking activities helped to cushion the impact of losses from GreenSky and real estate investments.
Goldman Sachs lifts Europe Inc's 2023 profit growth forecast to 3% https://t.co/DUnb2B0pj9 https://t.co/qx7dEXy8TL
Goldman's profit declines amid costly retreat from consumer banking https://t.co/GDq9TvA9Fp by @DsHollers
Another tough quarter for CEO David Solomon at Goldman $GS as 3Q profit slides 33%. by @rociofabbro https://t.co/Qztp8jlnRg
Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate https://t.co/RqG6jVGibP https://t.co/NATHU2oc88
$GS (+0.0% pre) Goldman Sachs earnings top Street, stock slides on real estate, lending writedowns - The Street https://t.co/JMoZ0e9ZoW
Goldman Sachs trading revenue beats analysts’ estimates while a second straight quarter of real estate writedowns drags profit lower https://t.co/Qz2XmHXCRT
Goldman Sachs profit plunges on impact from fintech sale, real estate bets https://t.co/T9ZnUH5SZA https://t.co/F7DQd75miJ
Goldman Sachs profit plunges on impact from fintech sale, real estate bets https://t.co/j9QqxYYW9t https://t.co/oObPpjMNP0
Goldman profits drop 36% after pullback from retail banking https://t.co/AUTddvB8HD
NEW: Goldman Sachs reports trading revenue that beat analysts’ estimates — while a second straight quarter of real estate writedowns dragged profit lower https://t.co/BLeBsiHrJN
Goldman Sachs tops estimates on stronger-than-expected bond trading https://t.co/RU3mjvcfDM
$GS Goldman Sachs beats. -0.6% pre market https://t.co/McXGvH19yh
$GS | Goldman Sachs Q3 Earnings: - EPS $5.47 - Total Net Revenues $11.82B (Est. $11.14B) - Global Banking & Markets Revenue $8.01B - Asset & Wealth Management Revenue $3.23B - Investment Banking Fees $1.55B, Roughly Unchanged YoY
⚠️ GOLDMAN SACHS PROFIT PLUNGES ON IMPACT FROM FINTECH SALE, REAL ESTATE BETS Full Story → https://t.co/yL7uIFg0zg Goldman Sachs' profit fell in the third quarter, weighed down by a writedown on its GreenSky fintech business and its investments in real estate. https://t.co/VUhmTlkcVp
GOLDMAN SACHS $GS JUST REPORTED EARNINGS EPS of $5.47 missing expectations of $5.54 Revenue of $11.8B beating expectations of $11.13B
*GOLDMAN SACHS 3Q NET REV. $11.82B, EST. $11.13B *GOLDMAN SACHS 3Q EPS $5.47, EST. $5.31 *GOLDMAN SACHS 3Q FICC SALES & TRADING REV $3.38B, EST. $2.86B *GS 3Q EQUITIES SALES & TRADING REV $2.96B, EST. $2.68B
CHARLES SCHWAB $SCHW JUST REPORTED EARNINGS EPS of $0.77 beating expectations of $0.75 Revenue of $4.61B missing expectations of $4.63B
Goldman Sachs upgrades this homebuilder stock, says it can outperform despite higher mortgage rates https://t.co/Q2uT3M2RjZ