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Goldman Sachs Exclusive: Records 33% Profit Drop | Q3 Earnings Deep Dive

Goldman Sachs Group Inc. recently experienced its second consecutive quarter of real estate write-downs and a decline in dealmaking, resulting in a notable drop in profitability.

David Solomon, CEO of Goldman Sachs, leads efforts to revive the bank's profitability amidst challenging market conditions. PHOTO: Shutterstock/LDH
David Solomon, CEO of Goldman Sachs, leads efforts to revive the bank’s profitability amidst challenging market conditions. PHOTO: Shutterstock/LDH

The firm’s return-on-equity currently stands at about half its target level. The losses in the equity book last quarter, amounting to $212 million, were primarily driven by property investments.

Additionally, impairments totaling $358 million contributed to a 33% decrease in

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