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

Goldman Sachs, Pulling Back From Consumer Lending, Reports 33% Decline in Profit


Updated Oct. 17, 2023 9:56 am ET

Goldman Sachs reported lower 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.

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