Goldman Sachs is about to report its worst quarterly earnings in years – Semafor

(Reuters) – Goldman Sachs will report its worst quarterly earnings in years next week, with a return on equity in the low single digits, Semafor reported on Thursday citing people familiar with the matter.

Writedowns on Goldman’s GreenSky consumer-lending business and on holdings of commercial real estate, are likely to exceed $2 billion, the report added.

(Reporting by Kanjyik Ghosh in Bengaluru)