Free · no account · quoted from the filing

What changed in GS's 10-Q

Source: 10-Q filed 2026-05-01 · compared against 10-Q 2025-10-31. Every passage below is quoted verbatim from the filing itself.

Loan Portfolio Composition

This filing

During 2025, the firm transferred the Apple Card loan portfolio to held for sale.

Credit Quality Assessment

This filing

Beginning in the first quarter of 2026, the firm began to assess the credit quality of all securities-based loans extended to Goldman Sachs Private Bank Select clients using an internal credit rating

Risk Factors

This filing

In the latter part of the quarter, the conflict in the Middle East generated heightened uncertainty, quickly resulting in market volatility, increased energy prices, lower equity markets and elevated concerns about the outlook for economic growth.

Fair Value Hierarchy

This filing

Level 3 financial assets represented 1.0% as of March 2026 and 1.1% as of December 2025 of our

Allowance for Credit Losses

This filing

The allowance for loan losses for wholesale loans that do not share similar risk characteristics, such as nonaccrual loans, is calculated using the present value of expected future cash flows

What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.