Goldman Sachs CEO Solomon Expects More Real Estate Lending Impairments This Quarter
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs CEO David Solomon expects more real estate lending impairments this quarter due to the ongoing impact of the pandemic on the commercial real estate sector.
June 12, 2023 | 2:26 pm
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NEGATIVE IMPACT
Goldman Sachs may face more real estate lending impairments this quarter due to the pandemic's impact on the commercial real estate sector.
Goldman Sachs is expected to face more real estate lending impairments this quarter as the pandemic continues to negatively impact the commercial real estate sector. This may lead to increased credit losses and negatively affect the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs' real estate lending impairments may have a negative impact on the broader market, as it reflects the ongoing challenges faced by the commercial real estate sector.
As Goldman Sachs is a major player in the financial sector, its real estate lending impairments may have a negative impact on the broader market. This reflects the ongoing challenges faced by the commercial real estate sector due to the pandemic, which may lead to a decline in the overall market sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50