Goldman Sachs reported its lowest annual profit since 2019 following losses from a failed expansion into consumer banking — combined with an economic slowdown that hit its primary businesses last year, the Wall Street giant said Tuesday. The drag on its bottom line came despite the bank posting fourth-quarter earnings that beat analyst expectations, Goldman CEO David Solomon told analysts. The bank reported net income of $8.5 billion for 2023 — a 24% drop from 2022 and the lowest level the bank has seen in four years. Year over profit increased 51% to $2.01 billion for the quarter ending last December. Goldman’s quarterly revenue…
