Fed Said Goldman Sachs Group Showed The Highest Projected Commercial Real Estate Loan Loss Rate Of 16% Of Average Loan Balances
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve has indicated that Goldman Sachs Group has the highest projected commercial real estate loan loss rate of 16% of average loan balances.
June 28, 2023 | 8:32 pm
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Goldman Sachs Group's projected commercial real estate loan loss rate is the highest at 16% of average loan balances, as per the Federal Reserve.
The Federal Reserve's report indicates a potential risk in Goldman Sachs' commercial real estate loan portfolio. This could lead to increased provisions for loan losses, impacting the bank's profitability and potentially its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The news about Goldman Sachs' high projected loan loss rate may indirectly affect the SPY ETF, which includes Goldman Sachs as one of its components.
As Goldman Sachs is a component of the SPY ETF, any negative impact on Goldman Sachs' stock price could potentially affect the overall performance of the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50