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2023-07-13 Economy
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Goldman Sachs has reportedly warned Wall Street about its tanking profits
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 [NYPOST] Goldman Sachs is taking the unprecedented step of telling Wall Street analysts that the investment banking giant’s quarterly estimates aren’t much to write home about.
Goldman is bracing for an earnings report due out next week that will likely show a sharp drop in quarterly profits, according to Bloomberg News.
Analysts told Bloomberg they have slashed their profit estimates for Goldman by almost half since the middle of last month.
The figures will likely add to the angst and negative sentiment surrounding Goldman CEO David Solomon, whose management style and leadership have been called into question by partners in recent months.
The Post reported last month that Goldman partners have griped over skimpy bonuses as well as Solomon’s ill-fated foray into consumer banking.
"This is likely the worst quarter since David Solomon became the CEO," Mike Mayo, a Wells Fargo & Co. analyst, told Bloomberg News. 
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Posted by Fred 2023-07-13 00:00||
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Posted by Super Hose 2023-07-13 08:18||
2023-07-13 08:18||
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Posted by Besoeker 2023-07-13 08:21||
2023-07-13 08:21||
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Posted by M. Murcek 2023-07-13 09:09||
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Posted by ed in texas 2023-07-13 09:44||
2023-07-13 09:44||
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Posted by Tom 2023-07-13 14:27||
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Posted by M. Murcek 2023-07-13 14:29||
2023-07-13 14:29||
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