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Goldman Sachs profits fall to $2.17bn in last quarter

  • Wall Street giant Goldman Sachs has registered a 7% drop in quarterly profits amid declining investment bank revenues and weak bond trade.

    Its earnings fell to $2.17 billion in the October to December period. For the whole of 2014, however, the bank’s net earnings increased to $8.48 billion.

    Bank of America, Citigroup and JPMorgan Chase have also reported weaker trading revenue.  

    Goldman Sachs chief executive Lloyd Blankfein expressed satisfaction at the bank’s performance in a year “characterized by mixed global economic and financial conditions”

     

     

    Tagged as: Wall Street, Goldman Sachs, quarterly profits, investment bank revenues, bond trade, Bank of America, Citigroup, JPMorgan Chase, Lloyd Blankfein, business news