Goldman Sachs in the black despite record fine – FT.com

20 Jan

http://www.ft.com/cms/s/3db96962-bf73-11e5-846f-79b0e3d20eaf,Authorised=false.html?siteedition=uk&_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F3db96962-bf73-11e5-846f-79b0e3d20eaf.html%3Fsiteedition%3Duk&_i_referer=&classification=conditional_standard&iab=barrier-app#axzz3xmz2Ka2h?ftcamp=crm/email/2016?ftcamp=crm/email/2016120/nbe/BreakingNews1/product_a2___a3__/nbe/BreakingNews1/product

Goldman Sachs suffered a drop in trading revenues in the final quarter of last year, while a $5.1bn legal settlement with US authorities soured its bottom line.

The US investment bank reported profits of $765m, or $1.27 a share, hit by an agreement to settle allegations it mis-sold mortgage-backed bonds in Wall Street’s boom before the financial crisis. In the year ago quarter, Goldman reported profits of $2bn, or $4.38 a share. 

Overall revenues for the quarter fell 5.2 per cent to $7.3bn from $7.7bn a year ago.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: