WALL Street investment bank Goldman Sachs has reported a 10 per cent drop in fourth-quarter earnings, hurt by a fall in trading activity.
THE bank earned $US2.03 billion, or $US4.38 a share, for the three-month period ending in December. That compares with a profit of $US2.25 billion, or $US4.60 a share, in the same period a year earlier.
The bank cited a slowdown in trading activity in its fixed income, currency and commodities division for the profit decline. It also blamed a slowdown in investment bank underwriting.Total revenues reached $US7.69 billion, down from $US8.78 billion a year ago.Analysts surveyed by FactSet expected Goldman to earn $US4.32 a share on $US7.66 billion in sales and revenue.Shares of Goldman were marginally lower in pre-market trading to $US178.49.Anda sedang membaca artikel tentang
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