Goldman Sachs Group Inc. on Tuesday said its fourth-quarter profit fell 13%, missing Wall Street estimates, in a choppy quarter for the Wall Street firm.
Shares of Goldman Sachs fell 3.5% in premarket trades. As of Friday’s close, Goldman Sachs shares are down 0.4% in 2022 and up 26.6% in the past 12 months, while the Dow Jones Industrial Average DJIA, -0.56% has advanced 16.5% over the past year. Total revenue increased 8% to $12.64 billion, ahead of the consensus analyst estimate of $12.04 billion.
Net revenue in global markets fell 7% to $3.99 billion. The figure included an 11% drop in equities trading revenue to $2.12 billion.
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