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

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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.

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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

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Keywords: Goldman Sachs, Earnings Report, Priority Earnings

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