Goldman expected to report third quarter hits from WeWork, Uber stakes

Goldman Sachs may suffer hits to third-quarter results as stakes in once-hot unicorns slammed into the reality of public markets.

The bank’s holdings in WeWork, the co-working company whose valuation plunged after its IPO plans collapsed last month, as well as Uber, which has traded lower after its May listing, probably caused writedowns in the firm’s investing and lending division, according to analysts.

Investors are set to scrutinize results from Goldman and J.P. Morgan Chase as banks report third-quarter results starting Tuesday. Estimates for bank profits have been dropping…