For the quarter ended December 31, Goldman's trading unit reported lower profit compared to last year as a more stable economy resulted in lower volatility and fewer swings in financial markets.
Net earnings applicable to common shareholders fell to $3.81 billion in the quarter ended December 31, from $4.36 billion the same time a year earlier.Analysts on average had expected a profit of $11.76 per share, according to Refinitiv data.It raked in record fees from advising on some of the largest mergers, initial public offerings and deals involving special purpose acquisition companies during a year in which global deal volumes breached $5 trillion for the first time.
Goldman comfortably topped the league tables for worldwide M&A advisory, according to Refinitiv data, to maintain its dominance in the world of dealmaking.
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