The hosts discuss the increase in earnings at Goldman Sachs, attributing it to the reduction in loan loss provisions. They provide specific numbers comparing the current quarter's provision for credit losses to the previous year, as well as the total provision for credit losses in 2023 compared to 2022, highlighting how the release of money from these provisions contributes to the bank's profitability.
Earnings season begins again and the big banks lead the way.
(00:21) Ricky Mulvey and Jason Moser discuss:
- The “new” growth engine for Goldman Sachs
- The macro risks that Morgan Stanley highlighted.
- Why the CEO of Adidas gave his cell phone number to 60,000 people.
Plus, (14:20) Robert Brokamp and Alison Southwick open up the member mailbag and answer your questions about investing a lump sum, saving for kids, and ABLE accounts.
Stocks mentioned: GS, MS, ADDYY
Epic Bundle discount link: www.fool.com/epic198
Got a question for the show? Our email is podcasts@fool.com
Host: Ricky Mulvey
Guests: Jason Moser, Alison Southwick, Robert Brokamp
Producer: Mary Long
Engineers: Dan Boyd, Rick Engdahl
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