The swoon in tech stocks hit Goldman’s earnings, with the bank taking paper losses on its stakes in Uber and other companies
Goldman Sachs Group Inc.’s third-quarter profit fell 26% from a year ago, hit by a slowdown in deal-making and losses on the bank’s stakes in companies.
The bank on Tuesday reported $1.88 billion of net earnings, or $4.79 a share, on $8.32 billion of revenue, roughly in line with what analysts had expected. Shares fell 1.1% in premarket trading.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
At least 26 dead as Typhoon Hagibis slams JapanTens of thousands of rescuers were working through Sunday night to reach people feared trapped in Japan by landslides and floods caused by a powerful typhoon that killed at least 26, officials and local media said. Typhoon Hagibis moved away from land on Sunday morning, but while it largely spared the
Weiterlesen »
Goldman Sachs' quarter soured by disappointing banking revenue, writedowns for Uber and other investmentsGoldman took a $267 million markdown on public investments in companies like Uber and Tradeweb Markets.
Weiterlesen »
BlackRock beat earnings expectations as technology services drive growth in a 'volatile' marketBlackRock beat earnings expectations as technology services drive growth but profits drop 8%
Weiterlesen »
Global stocks are dropping on trade war worries after China reportedly wants more talks before signing Trump's deal'Turns out the deal was fake news,' Neil Wilson, chief markets analyst at Markets.com tweeted.
Weiterlesen »