Goldman Sachs’ revenue drops to $7.69 billion in 4Q

Why Goldman Sachs Went From Investing For The Rich To Targeting Everyone < Goldman Sachs Group Inc reported a higher-than-expected quarterly profit on Tuesday as the Wall Street investment bank benefited from higher equities trading revenues. The bank said equities trading revenue increased by 6 per cent from a year ago to $2-billion, the second highest in four years.

 · Goldman said Wednesday its net income fell to $765 million, or $1.27 a share, from $2.17 billion, or $4.38, a year earlier, as the regulatory settlement reduced its earnings by $1.54 billion. Revenue dropped to $7.27 billion from $7.69 billion.

 · Morgan Stanley’s strong trading revenue, along with those from other Wall Street rivals, leaves Goldman Sachs’ trading results from Tuesday as the outlier in.

Overall, Goldman Sachs’ revenues in the first quarter from Institutional Client Services were $4.39 billion. Net revenues from the Fixed Income, Currency, and Commodities (FICC) Client Execution services were $2.07 billion. The figure is 23 percent higher than in the first quarter of 2017, due to.

 · Goldman Sachs Group Inc. (NYSE: GS) report first quarter earnings of $2.25 billion of profit in the period, or $5.71 a share ahead of the $4.89 estimate but revenue fell 13% to $8.81 billion less than analyst’s $8.9 billion expected.

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 · NEW YORK (AP) – Goldman Sachs posted a $1.93 billion loss in the fourth quarter as the investment bank had to record more than $4 billion in charges related to the new tax law. It was the bank’s first quarterly loss in more than six years. Goldman lost $5.51 a share, compared with a profit of $2.35 billion, or $5.08 a share, in the same period a year earlier, the bank reported Wednesday.

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The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.

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 · Goldman’s fixed income, commodities and currencies division reported an 18 percent drop in revenues in the quarter to $822 million, which was a.

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