The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly Acquire Licensing Rights
Jan 18 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a fall in fourth-quarter profit on Tuesday due to weak trading activity, but a bumper year for mergers and acquisitions helped Wall Street’s premier investment bank post record full-year profits.
Net earnings applicable to common shareholders fell to $3.81 billion in the quarter ended Dec. 31, from $4.36 billion the same period a year earlier. Earnings per share fell to $10.81 from $12.08 a year earlier.
Analysts on average had expected a profit of $11.76 per share, according to Refinitiv data.
Reporting by Noor Zainab Hussain, Niket Nishant and Anirban Sen in Bengaluru and Matt Scuffham in New York; Editing by Arun Koyyur
Our Standards: The Thomson Reuters Trust Principles.
Source: reuters.com
