Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business

    https://www.cnbc.com/2024/09/09/goldman-sachs-to-post-400-million-hit-in-third-quarter-over-consumer-business.html

    Posted by Euro347

    9 Comments

    1. “Solomon also said trading revenue for the quarter was headed for a 10% decline because of a tough year-over-year comparison and difficult trading conditions in August for fixed-income markets.”

      Even the pro’s have a tough time trading. so dont feel so bad.

    2. beautifulcorpsebride on

      Imagine Goldman Sachs, the vampire squid on the face of humanity, not running a consumer business well.

    3. another company learning the hard way not to partner up with Apple. They’re basically known in the industry for screwing over their partners every time they try to “innovate”.

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