Goldman Sachs passes Federal Reserve stress test with minimal losses

Goldman Sachs stood to lose just $300 million in the Federal Reserve's annual stress test scenario this year. This is a significant improvement from previous years, where Goldman Sachs faced potential losses of $2.4 billion and $5.6 billion in 2021 and 2020, respectively. The stress test evaluates banks' ability to withstand economic shocks, and Goldman Sachs' performance indicates that it is well-prepared to handle potential financial downturns.