Goldman: Fourth Quarter Earnings Overview

Goldman Sachs Announces Fourth-Quarter Earnings

Goldman Sachs Group Inc., headquartered in New York, revealed on Thursday that its net profit for the fourth quarter reached $4.62 billion.

The financial giant reported earnings of $14.01 per share for the quarter.

These results surpassed analysts’ expectations, as a consensus of six experts polled by Zacks Investment Research had anticipated earnings of $11.77 per share.

During the same period, Goldman Sachs generated $30.13 billion in total revenue. However, after accounting for interest expenses, net revenue stood at $13.45 billion, which was slightly below the $13.61 billion forecasted by five Zacks analysts.

Looking at the full year, Goldman Sachs posted a total profit of $17.18 billion, or $51.32 per share, with annual revenue amounting to $58.28 billion.