Goldman Sachs Group, Inc. (NYSE:GS) delivered a mixed close to fiscal 2025, with fourth-quarter results weighed down by sizable markdowns and exit costs tied to its consumer platform.
On Thursday, the bank reported mixed fourth-quarter fiscal 2025 results due to losses in Platform Solutions on $2.26 billion in markdowns tied to transferring Apple Card loans to held-for-sale status and contract termination costs.
Net revenue declined 3% year over year (Y/Y) to $13.45 billion, missing the consensus estimate of $13.79 billion. GAAP earnings came in at $14.01 per share, up from $11.95 a year ago and above the $11.65 consensus.
Bank of America Securities analyst Ebrahim H. Poonawala raised the price forecast for the company to $1,100 from $1,050, …