[Archyde.com]–US Goldman Sachs announced on the 18th that its fourth quarter (until December 31st) earnings fell by regarding 13%, falling below market expectations. Although the investment banking sector performed well, stock price fluctuations were scarce and the trading business deteriorated. Stock prices fell by more than 7% in early trading.
Revenues from the Global Markets division, including the trading business, fell 7% to regarding $ 4 billion. The Global Markets sector accounts for approximately one-third of total revenue.
Underwriting income decreased by 8%. Income from the sale of shares decreased.
Fixed income trading income was almost unchanged at $ 1.86 billion, but equity trading income fell by 11%. Global Markets revenues were down 29% quarter-on-quarter.
Meanwhile, investment banking revenues increased 45% to $ 3.8 billion. Advisory fees have increased.
Net income attributable to common shareholders was $ 3.81 billion, down from $ 4.36 billion in the year-ago quarter.
Profit per share decreased from $ 12.08 in the same period last year to $ 10.81. The market forecast was $ 11.76.
Total revenue increased 8% to $ 12,640 million. It was led by the investment banking division and the consumer and wealth management division. In particular, the consumer banking division “Marcus”, which is under the umbrella of the company, performed well, and the increase in credit card and deposit balance contributed to an 8% increase in sales.
Meanwhile, rising wages and investment costs put pressure on profits. Operating expenses increased by 23%. Wages and benefits have increased significantly.
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