Still, Goldman's WeWork writedown was smaller than the $264 million estimate of Morgan Stanley analyst Betsy Graseck.
She based her estimate on the $146 million writedown taken by a smaller investment bank, Jefferies, last month.
Goldman has $19.7 billion in private company holdings overall, and the bank changes the valuations on those stakes "on an event-driven basis," meaning if a company is sold or has had a fund-raising round. A far larger drag was Goldman's holdings in publicly-traded firms. The business was stung by bets in Uber, Avantor and Tradeweb, which drove losses of $267 million in the quarter, the bank said.
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