16
Jan
Goldman Sachs on Tuesday reported its second consecutive quarter of steady profits, a return to form for the bank that has struggled with management missteps that tarnished its once untouchable reputation on Wall Street.The bank’s fourth-quarter profit of $2 billion was roughly equal to what it earned in the third quarter, but that was a sign of accomplishment. Until recently, the bank had been dogged by a drumbeat of losses from its unsuccessful stab at consumer banking and soured real estate portfolio, among other problems.Helping the bottom line: Goldman cut 3,200 employees over the course of 2023, a 7 percent…
