Skip to content

Goldman Sachs Sees Losses From Consumer Push Exceeding $1.2 Billion This Year

  • Bank expects new venture’s losses to accelerate this year
  • Goldman sees Main Street initiative as key to lifting stock
Video player cover image
Goldman Sees Consumer Business Losses Topping $1.2B

When Goldman Sachs Group Inc. executives set out to woo investors in early 2020, they offered a promising outlook for their novelty Main Street business. The unit would go from a money-suck to break-even in 2022.

It isn’t quite working out that way.