Market Overview

UPDATE: Goldman Sachs Q4 Profit Beats Estimates

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Goldman Sachs Group (NYSE: GS) reported a 19% drop in its fourth-quarter net income.

Goldman Sachs posted its quarterly net income at $2.33 billion, versus a year-ago net income of $2.89 billion. Its per-share earnings came in at $4.60.

Its net revenue declined 4.9% to $8.78 billion. However, analysts were projecting earnings of $4.22 per share on revenue of $7.71 billion.

Goldman Sachs shares rose 0.36% to $179.40 in pre-market trading.

 

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