Goldman Sachs Q2 Provision for Credit Losses $615M vs $667M YoY
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has reported a Q2 provision for credit losses of $615M, which is lower than the $667M reported in the same period last year.
July 19, 2023 | 11:29 am
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Goldman Sachs' lower provision for credit losses in Q2 compared to last year indicates a potential improvement in credit quality or lower expected defaults.
A lower provision for credit losses could indicate an improvement in the credit quality of Goldman Sachs' loan portfolio or a decrease in expected defaults. This could be seen as a positive sign by investors, potentially leading to a short-term increase in the company's stock price.
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