NEW YORK — Goldman Sachs Group Inc. (GS) on Wednesday reported fourth-quarter earnings of $765 million.
The bank, based in New York, said it had earnings of $1.27 per share. Earnings, adjusted for non-recurring costs, came to $4.68 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.79 per share.
The investment bank posted revenue of $7.27 billion in the period, meeting Street forecasts.
For the year, the company reported profit of $6.08 billion, or $12.14 per share. Revenue was reported as $33.82 billion.
Goldman shares have declined 13 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped 8 percent. The stock has fallen 12 percent in the last 12 months.
Keywords: Goldman Sachs, Earnings Report, Priority Earnings