Goldman Sachs Taking $5B Earnings Hits Over New Tax Law
Goldman Sachs expects to take a $5 billion charge to its fourth-quarter earnings as a result of the tax bill President Donald Trump signed into law last week, the bank said in a regulatory filing. Two-thirds of the estimated $5 billion charge comes from Goldman preparing to pay taxes on assets it holds overseas. During a Dec. 5 conference, JPMorgan Chase’ s chief…
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