Daily Journal masthead

Goldman Sachs tops 4Q net income expectations, meets revenue forecasts


NEW YORK — Goldman Sachs Group Inc. (GS) on Wednesday reported fourth-quarter earnings of $765 million.

The bank, based in New York, said it had earnings of $1.27 per share. Earnings, adjusted for non-recurring costs, came to $4.68 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.79 per share.

The investment bank posted revenue of $7.27 billion in the period, meeting Street forecasts.

For the year, the company reported profit of $6.08 billion, or $12.14 per share. Revenue was reported as $33.82 billion.

Goldman shares have declined 13 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped 8 percent. The stock has fallen 12 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GS at http://www.zacks.com/ap/GS


Keywords: Goldman Sachs, Earnings Report, Priority Earnings

Think your friends should see this? Share it with them!

Story copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow Daily Journal:

All content copyright ©2016 Daily Journal, a publication of AIM Media Indiana unless otherwise noted.
All rights reserved. Privacy policy.