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Jan. 18, 2022, 7:49 a.m. EST

Goldman Sachs profit falls 13% to miss consensus estimates

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    Goldman Sachs Group Inc. (GS)

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By Steve Gelsi

GS

Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS -1.24% said Tuesday its fourth-quarter net earnings fell 13% to $3.81 billion or $10.81 a share, from $4.36 billion or $12.08 a share, in the year-ago quarter. Revenue at the investment bank increased by 8% to $12.64 billion from $11.74 billion in the year-ago quarter. The investment bank missed the target of $11.77 a share in a survey of analysts by Factset, but beat the revenue target of $12.04 billion. The firm's investment banking revenue increased to $3.6 billion, ahead of the FactSet target of $3.24 billion and above the year-ago tally of $2.72 billion. Head count rose to 43,900 from 43,000 as of Sept. 30. Shares of Goldman Sachs fell 3.5% in premarket trades. As of Friday's close, Goldman Sachs shares are down 0.4% in 2022 and up 26.6% in the past year.

/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 312.67
-3.94 -1.24%
Volume: 1.09M
May 24, 2022 2:40p
P/E Ratio
6.06
Dividend Yield
2.56%
Market Cap
$108.74 billion
Rev. per Employee
$1.40M
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