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Goldman Sachs Posts 51% Gain in Year-On-Year Quarterly Earnings

Goldman Sachs posted mixed full-year earnings results for 2023 on Tuesday, with the investment giant experiencing both highlights and lowlights over the past year. The company's net income of $8.52 billion for 2023 marked a 24% slump from the previous year, which is also its...

Goldman Sachs CEO Feels “Very, Very Good” About Strategy Change Despite a “Tough” Q2

Speaking at a conference call with analysts on Wednesday, Goldman Sachs CEO David Solomon acknowledged that the investment bank had a “tough” second quarter. But despite this, Solomon said he feels “very, very good” about Goldman’s recent strategy changes. Goldman Sachs reported $1.1 billion in...

Bank Results Serve As Warning Sign For Wall Street

A tough week ahead is expected for Wall Street as banks reported mixed earnings results over the past week. Citigroup CEO Jane Fraser commented that "the long-awaited rebound in investment banking has yet to materialize," following the release of her bank's disappointing second-quarter results....

Bank of America Delivers Strong Q1 Results While Goldman Sachs Tumbles

Bank of America and Goldman Sachs both released their first quarter results on Tuesday, providing observers with an insight into how financial institutions are coping following last month's financial sector uncertainty sparked by the failures of Silicon Valley Bank and Signature Bank. These two banks...

Goldman Sachs Stock Slides 3.5% After Reported Profit Loss

Goldman Sachs, the world’s second-largest investment bank, has reported an 18% profit loss in its first-quarter earnings report. This caused the bank’s stock to slide 3.7% in premarket trading compared to Monday’s close price of $339.68 per share. Goldman Sachs’ saw its quarterly profit drop...