Goldman Sachs Group Inc lost $3.03 billion in nearly three years on its platform solutions business that houses transaction banking, credit card and financial technology businesses.
lost $3.03 billion in nearly three years on its platform solutions business that houses transaction banking, credit card and financial technology businesses.
The company disclosed a pretax loss for its newly-created platform solutions business of $1.2 billion for the first nine months of 2022.The disclosure did not provide separate numbers for its direct-to-consumer business, Marcus, which was moved into its asset and wealth management arm. "As had been widely expected, the new segment for Platform Solutions is operating at a net loss on a quarterly basis," said Jefferies analyst Daniel Fannon said in a note.
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