Consumer loan surge quintuples Goldman’s loan-loss reserves

Retail loan portfolio doubles year-on-year to $5 billion

Goldman Sachs put aside $224 million of provisions for credit losses in the first quarter of the year, as the bank’s consumer portfolio continues to expand.

Total PCL were just $44 million the year-ago quarter, but have surged as the investment banking giant has pivoted to traditional lending.

Its Marcus retail lending platform reported around $5 billion of loans outstanding as of end-March, double the $2.4 billion posted the year-ago quarter.

What is it?

Provisions for credit losses

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here