Goldman Sachs posts fourth-quarter profit of $1.33 billion, disappointing expectations

- Article Top Advertisement -

Goldman Sachs had a net profit of US$ 1.33 billion in the fourth quarter of 2022, a drop of 66% compared to the same period of 2021, according to a balance sheet published on Tuesday (17).

Earnings per share diluted between October and December were US$ 3.32, 69% below the verified in the same period of last year and below the expectations of analysts consulted by FactSet, of US$ 5.56.

- Article Inline Advertisement 1-

Net revenue, on the other hand, totaled US$ 10.593 billion in the fourth quarter, a decrease of 16% compared to the result in the same period of the previous year and below the expectation of US$ 10.755 billion.

The provision for credit losses jumped to US$ 972 million, growth of 183% compared to the same period of the previous year.

- Advertisement -

According to the institution, 2022 revenue was “significantly” lower reflecting lower net revenue in asset and wealth management and lower net revenue in global banking markets.”

Source: CNN Brasil

- Article Bottom Advertisement -


Please enter your comment!
Please enter your name here

Hot Topics

Related Articles