The quarterly profits of Goldman Sachs declined by 49% after the bank set aside about one billion dollars to meet cases of default in future repayment of loans, and the bank recorded huge losses in its debt investments. And arrows.
According to ArabiaNet, the bank’s net profit attributable to ordinary shareholders fell to $ 1.12 billion in the quarter ended March 31 from $ 2.18 billion a year earlier. Earnings per share fell to $ 3.11 from $ 5.71 a year ago.
Analysts had expected an average earnings of $ 3.35 per share, according to EBSES estimates by Refinitiv.
