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What is Goldman Sachs Q1 2023 Financial Report about?

Goldman Sachs International reported a profit of $1.01 billion for the quarter ending March 31, 2023, a 30% decrease from the previous year, with net revenues of $3.02 billion, down 14% primarily due to lower revenues in FICC and Investment Management. The company faced macroeconomic challenges and banking sector stress, impacting its operations and financial condition. As of March 2023, total assets were $1.19 trillion, reflecting a decrease from December 2022, while total liabilities were $1.15 trillion.

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