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Home  >  accounting in austin  >  Profits for Goldman Sachs decrease in Q4

Profits for Goldman Sachs decrease in Q4

Posted on Wednesday, January 18th, 2012 at 8:45 pm.

The fourth quarter earnings for Goldman Sachs Group were reported on Wednesday and they showed a dramatic decline in profits for the quarter.

The earnings per share for the company fell approximately 51 percent. Although this is a large decline, many investors have stated that profits did not decrease as much as they were expecting. Goldman Sachs earned $1.84 for each share and investors previously thought that they would only earn $1.24.

The revenue for the company also decreased in the fourth quarter to $6.05 billion, a 30 percent decline. The investment banking revenue also dropped by 43 percent to a total of $857 million.

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