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Goldman Sachs profit halves on higher loan loss provisions, investment hit

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Home Blogs > Business
Apr 15 '20 | By oiam2companyadmin | Views: 58 | Comments: 0

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Goldman Sachs Group Inc reported a 49% drop in quarterly profit on Wednesday, as it set aside significantly higher provisions related to corporate loans due to the impact of COVID-19 and booked heavy losses on its debt and equity investments.
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Source: https://www.reuters.com/article/us-goldman-sachs-results/goldman-sachs-profit-halves-on-higher-loan-loss-provisions-investment-hit-idUSKCN21X1M1?feedType=RSS&feedName=businessNews

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