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Goldman Sachs' Loan Loss Provisions Drop 73% in Q2, Largest Decline Among U.S. Big Six Banks

2026-07-15 14:16:21

GS0.88%

Goldman Sachs reported a 73% year-over-year decline in loan loss provisions to approximately $102 million in the second quarter, marking the steepest drop among America's six largest banks announced this week. The decline was partly driven by the bank's reduction in credit card lending, for which Goldman had provisioned in the same period last year. The broader trend across all six major banks shows declining provisions, reflecting improved sentiment on borrower default prospects.

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