1/15/2020, 1:32 PM (Source: TeleTrader)
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Goldman's Q4 net earnings $1.9B

Goldman Sachs Group Inc. said on Wednesday its year revenues stood at $36.55 billion. Net revenues were $9.96 billion while net earnings were $1.92 billion for the fourth quarter of 2019. The company ranked as a number one in worldwide mergers and acquisitions for the year as well as in equity and common stock offerings.

Investment banking generated net revenues of $7.60 billion. Earnings per share for the fourth quarter were 24 % lower, meaning $4.69 compared with $6.04 for the fourth quarter of 2018 and $4.79 for the third quarter of 2019. Operating expenses were $24.90 billion for 2019, 6% higher than in 2018.

Chairman and CEO David Solomon said that "strong performance in the fourth quarter helped us to deliver solid results for the year, while continuing to invest in new businesses. We aim to drive higher returns in the future, and look forward to sharing our strategic goals and financial targets at Investor Day later this month."

Breaking the News / TF