Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit Drop

Updated Oct. 17, 2023 11:57 am ET

Goldman Sachs reported on Tuesday a 33% decline in profit for the third quarter, hurt by losses from selling off pieces of its consumer lending business and a big drop in revenue in its asset and wealth management division.

Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit Drop

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Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit Drop

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