Goldman Sachs Reports Q2 EPS Miss
<p><a href='https://financialmodelingprep.com/financial-summary/GS'>Goldman Sachs (NYSE:GS)</a> announced its Q2 earnings results today, with EPS coming in lower than expected. The bank faced several challenges, including charges associated with its home improvement lending group, GreenSky, and losses in its consumer and real estate loan portfolios.</p>
<p>Q2 EPS was $3.08, below the Street estimate of $3.18. The company's revenue for the quarter amounted to $10.9 billion, surpassing the Street estimate of $10.66 billion.</p>
<p>The financial performance was negatively impacted by a $504 million write-down on GreenSky, a company that Goldman Sachs acquired in 2021 and is currently seeking to sell. Additionally, the company recorded a $485 million impairment charge related to its consolidated real estate investments.</p>
<p>Furthermore, investment banking fees experienced a decline of 20%, totaling $1.43 billion, while trading revenue from fixed income, currency, and commodities decreased by more than a quarter.</p>

NYSE:GS