Goldman Sachs posts its worst earnings miss in a decade as revenue falls while expenses rise

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

EARNINGS: -Goldman Sachs posts its largest earnings miss in a decade -Morgan Stanley’s earnings top Wall Street expectations TheDomino has the numbers.

Revenue: $10.59 billion vs. $10.83 billion

The bank said quarterly profit plunged 66% from a year earlier to $1.33 billion, or $3.32 per share, about 39% below the consensus estimate. That made for the largest EPS miss since Oct. 2011, according to Refinitiv data.Shares of the New York-based bank dipped 2.4% in premarket trading. "Widely expected to be awful, Goldman Sachs' Q4 results were even more miserable than anticipated," Octavio Marenzi, CEO of Wall Street consultancy Opimas, said in an email. "Revenues were largely in line with forecasts, but earnings took a big hit. The real problem lies in the fact that operating expenses shot up 11%, while revenues tumbled."Goldman said operating expenses jumped 11% from a year earlier to $8.

How long will the investment banking drought last? That's one of the top questions analysts will have for Goldman CEO David Solomon.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Goldman Sachs is set to report fourth-quarter earnings — here's what the Street expectsHow long will the investment banking drought last? That's one of the top questions analysts will have for Goldman CEO David Solomon. Their starting salary Kicks the House Down. Thats what I think.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Goldman Sachs misses its earnings estimate, while Morgan Stanley beats as profits dropWhile Morgan Stanley beat its earnings target and Goldman fell well short, both investment banks reported lower net income against a strong year-ago quarter.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Stocks bonds options to buy in 2023: Goldman Sachs strategy outlookGoldman Sachs lays out its strategy for profiting with stocks, bonds, and options in 2023 despite a rocky year — and why investors shouldn't make any big strategy changes bei durchschnittlich über 100Std. Wochenarbeitszeit geht sich schon das eine und andere Strategiepapier aus 🤦‍♂️
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »