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.
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.
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
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