Goldman's Q4 Results Disappoint, Shares Dip Lower

Shares of Goldman Sachs Group Inc GS were trading lower by 1.36 percent at $156.62 early Wednesday morning after the company reported its fourth quarter results.

Goldman Sachs earned $1.27 per share on revenue of $7.27 billion. However, the company's earnings per share included a settlement with the RMBS Working Group which reduced its earnings per share by $3.41.

Annualized ROE was 3.0 percent for the fourth quarter.

For the full fiscal year 2015, Goldman Sachs reported a total net revenue of $33.82 billion and net earnings of $6.08 billion. Diluted earnings per share for the full year fell to $12.14 from $17.07 a year ago.

Book value per common share rose 5 percent during the year to $171.03.

"We are pleased that our diversified business mix allowed us to deliver solid results in a year characterized by uneven global economic activity," said Lloyd Blankfein, Chairman and Chief Executive Officer. "Looking ahead, we believe our strong global client franchise leaves us well positioned to generate superior returns over the long term."

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Posted In: EarningsNewsbank stocksbanksGoldman SachsRMBS Working Group
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