1/17, 1:29 PM (Source: TeleTrader)
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Goldman Sachs' revenue falls 16% to $10.6B in Q4

Goldman Sachs Group Inc. announced on Tuesday that its net revenue for the fourth quarter came to $10.6 billion, down 16% on an annual basis. The company attributed the fall to "significantly lower net revenues in Asset & Wealth Management and lower net revenues in Global Banking & Markets." Net earnings came to $1.3 billion, plunging 66% yearly. Diluted earnings per share (EPS) sank 69% to $3.32.

For the full year, the bank reported net revenues of $47.3 billion, 20% less than in 2021. Net earnings fell 48% year-on-year to $11.2 billion, while the EPS stood at $30.06, 49% lower than in 2021.

Goldman Sachs stock dropped 1.69% in premarket trade following the earnings release.

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