Goldman Sachs profits fall to $2.17bn in last quarter
January 18 , 2015
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”