Goldman Sachs Q4 Provision For Credit Losses $577M vs $972M YoY And $7M In Q3
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs reported a Q4 provision for credit losses of $577 million, a decrease from $972 million year-over-year, and a significant increase from $7 million in Q3.

January 16, 2024 | 12:38 pm
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Goldman Sachs' Q4 provision for credit losses has decreased significantly compared to the same quarter last year but increased dramatically from the previous quarter.
The decrease in provisions for credit losses compared to the previous year suggests that Goldman Sachs is facing fewer defaults and may have a better credit risk profile. However, the sharp increase from Q3 indicates that there may be emerging risks or conservative accounting practices. This mixed signal could lead to a neutral short-term impact on the stock as investors digest the implications.
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