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

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(Reuters) – Goldman Sachs (NYSE:GS) 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.