(CercleFinance.com) – Goldman Sachs announced Tuesday a 48% drop in its quarterly profit, the American firm having suffered in particular from depressed activity in trades related to investment banking.
In the last three months of the year, the merchant bank’s profit reached $1.3 billion, or $3.32 per share, against $3.9 billion, or $10.81, a year earlier. early.
Its net banking income for its part fell by 16% to 10.6 billion dollars.
By way of comparison, financial analysts were anticipating an EPS of 5.50 dollars, for a turnover of some 10.8 billion dollars.
Its commissions in investment banking, that is to say the financing of companies, fell by 48% to less than 1.9 billion dollars, in an economic environment deemed ‘difficult’ by the group’s CEO, David Solomon.
In pre-market trading, the Goldman Sachs title lost nearly 2%.
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