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Goldman: 4Q Earnings Snapshot

NEW YORK (AP) _ Goldman Sachs Group Inc. (GS) on Wednesday reported fourth-quarter profit of $1.92 billion.

The New York-based company said it had earnings of $4.69 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.20 per share.

The investment bank posted revenue of $13.81 billion in the period. Its revenue net of interest expense was $9.96 billion, which beat Street forecasts.

Goldman shares have risen nearly 7% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 31%. The stock has risen 37% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GS at https://www.zacks.com/ap/GS

The Associated Press