Goldman Sachs, one of the largest investment banks in America, announced its balance sheet for the second quarter of 2023.
Goldman Sachs posted a net profit of $1.22 billion in the second quarter, earning $3.08 per share. In the same period last year, the bank posted a net income of $2.79 billion and earnings per share of $7.73. Analysts had expected earnings of $3.16 per share in the second quarter.
The most influential factors on the bank’s financial profitability are the losses arising from the financial technology company GreenSky and the high amount of provision for credit losses. Goldman Sachs posted a loss of $504 million from GreenSky, and allocated $615 million for loan losses.
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