'Goldman Sachs Is About To Report Its Worst Quarterly Earnings In Years' - Semafor
Portfolio Pulse from Happy Mohamed
Goldman Sachs is expected to report its worst quarterly earnings in years next week, with writedowns on its GreenSky consumer-lending business and commercial real estate holdings likely to exceed $2 billion. The poor performance is expected to increase pressure on CEO David Solomon, who has been criticized for his resource allocation and strategic decisions. The firm's relationship with the Federal Reserve has also reportedly deteriorated under Solomon's leadership.
July 13, 2023 | 5:23 pm
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Goldman Sachs is expected to report poor quarterly earnings, which could negatively impact its stock price. CEO David Solomon's leadership and strategic decisions have been criticized, which could further affect investor confidence.
The news of Goldman Sachs' expected poor quarterly earnings is directly related to the company's financial performance, which is a key factor affecting its stock price. The criticism of CEO David Solomon's leadership and strategic decisions could further erode investor confidence, potentially leading to a sell-off of the company's shares.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100