Goldman Sachs fourth-quarter earnings miss Wall Street forecast
Goldman Sachs Group Inc. on Tuesday said its fourth-quarter profit fell 13%, missing Wall Street estimates, in a choppy quarter for the Wall Street firm.
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 12 months, while the Dow Jones Industrial Average DJIA, -0.56% has advanced 16.5% over the past year. Total revenue increased 8% to $12.64 billion, ahead of the consensus analyst estimate of $12.04 billion.
Net revenue in global markets fell 7% to $3.99 billion. The figure included an 11% drop in equities trading revenue to $2.12 billion.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Wall Street Analysts Say These Stocks Have the Best Long-Term PotentialTipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, like Dick’s Sporting Goods and Microsoft.
Read more »
Tulsa’s Black Wall Street Booms AgainToday, in the 40-square blocks of what was once coined “Black Wall Street,” there’s been a resurgence of Black businesses and a revival of Black entrepreneurial spirit.
Read more »
Crews To Pour Concrete For Last Of 20 Arches On Sixth Street ViaductCrews will pour 260 cubic yards of concrete starting at 9:30 a.m. Tuesday marking a major milestone for the project.
Read more »
Adam Rickitt looks unrecognisable 25 years after making Coronation Street debutAdam Rickitt first appeared on TV screens in 1997, playing heartthrob Nick Tilsley on and off for the next seven years, with his character marrying Leanne Battersby at the age of 17, and later romancing Maria, before leaving for good in 2004
Read more »