Goldman Sachs could lose up to $260 million as 4 stock bets sputter

Goldman Sachs stands to lose $260 million from 4 flailing stock investments

, which scoured corporation filings. Both companies raised more $1 billion through initial public offerings in 2019.

Uber's stock price fell more than 30% during the third quarter, while Avantor lost close to 15%. Goldman could lose more than $100 million from its stake in each company,Goldman's equity stakes are investments made with the bank's own money. The gains from those holdings have been one of the largest sources of profit for the bank in the past, and its leaders have argued they represent a skill shareholders should value, according to Bloomberg.

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