Goldman Sachs Q1 Provision For Credit Losses $318M Compared With A Net Benefit Of $171M YoY
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs reported a Q1 provision for credit losses of $318M, a significant shift from a net benefit of $171M in the same quarter last year.

April 15, 2024 | 11:32 am
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Goldman Sachs' Q1 provision for credit losses of $318M marks a notable change from the previous year's net benefit of $171M.
The shift from a net benefit to a substantial provision for credit losses indicates a more cautious or negative outlook on potential credit losses, which could concern investors about the bank's financial health and risk management. This change is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
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