Goldman Lost $1.2 Billion in Just Nine Months in Newest Unit
- The disclosures offer guide to Apple Card impact on earnings
- Execs privately forecasting unit won’t break even until 2025
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Three months after Goldman Sachs Group Inc. carved out a new division to house what’s left of its once-ambitious foray on Main Street, it’s giving shareholders a clearer look at those financials.
The collection of businesses — including Goldman’s Apple Card — now packaged into the segment dubbed Platform Solutions racked up more than $1.2 billion in pretax losses in last year’s first nine months, with the drop accelerating every quarter.