CRE books at Goldman, Morgan Stanley most laden with provisions

Duo increased allowance coverage fastest among top US banks since September 2022

Goldman Sachs and Morgan Stanley have outpaced other US lenders in provisioning commercial real estate (CRE) exposures, topping the league in terms of allowance coverage of their portfolios in the third quarter, analysis by Risk Quantum shows. 

Allowances as of end-September totalled 4.3% of Goldman’s held-for-investment CRE portfolio, measured at amortised cost, and 3.6% of Morgan Stanley’s – up 269 basis points and 198bp year on year, respectively.

!function(e,n,i,s){var d="InfogramEmbeds";var

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