: Goldman Sachs profit falls 13% to miss consensus estimates #FinanceUSA #StockMarketNEWS Goldman Sachs Group Inc. said Tuesday its fourth-quarter net earnings fell 13% to .81 billion or .81 a
@stockMarketNEWS Tue 18 Jan, 2022
Goldman Sachs profit falls 13% to miss consensus estimates #FinanceUSA #StockMarketNEWS
Goldman Sachs Group Inc. said Tuesday its fourth-quarter net earnings fell 13% to .81 billion or .81 a share, from .36 billion or .08 a share, in the year-ago quarter. Revenue at the investment bank increased by 8% to .64 billion from .74 billion in the year-ago quarter. The investment bank missed the target of .77 a share in a survey of analysts by Factset, but beat the revenue target of .04 billion. The firm's investment banking revenue increased to .6 billion, ahead of the FactSet target of .24 billion and above the year-ago tally of .72 billion. Head count rose to 43,900 from 43,000 as of Sept. 30. Shares of Goldman Sachs fell 3.5% in premarket trades. As of Friday's close, Goldman Sachs shares are down 0.4% in 2022 and up 26.6% in the past year.
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