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Goldman Sachs profits slump with Q4 EPS $1.27 vs $3.57 exp

Q4 2015 results for the US banking giant just out

  • Q4 annualized ROE 3.0% vs 11.1% last year
  • EPS ex RMBS settlement $4.68
  • RMBS settlement of $5bln reduced EPS by $3.41
  • Q4 net revenues in fixed income currency and commodities client execution $1.12bln down 8% on last year
  • 2015 net revenues 37.5% vs 36.8% in 2014

Not good news for Goldmans reeling from the huge mortgage-backed bond settlement.

Third straight quarter loss means they head into 2016 firmly on the back foot but they won't be the only ones.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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