Goldman Sachs Had a ‘Miserable’ Quarter — But Wider Market Destruction May Be Coming

Goldman Sachs  (GS) – Get Free Report reported dismal Q4 2022 earnings Jan. 17. The bank may not have been alone, with fellow investment bank Morgan Stanley  (MS) – Get Free Report also posting a decline in profit, but its shocking derailment stole headlines across the financial world.  

“We tried to do an excessive amount of too quickly,” CEO David Solomon said on the earnings call. “I feel we probably in some places haven’t had all of the talent that we wanted to execute the best way we wanted.”

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