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Goldman Profit Plunges HP NEWS

Goldman Sachs Group Inc. is up next with earnings, and it doesn’t look pretty for Wall Street dealmakers. Fourth-quarter profits are down on a sharp decline in investment-banking revenue. + Profit plunged 66% to $1.3 billion, from $3.9 billion a year ago. + That amounted to $3.32 per share, falling short of the $5.56 that Wall Street expected, according to FactSet. + Revenue was about $10.6 billion, below expectations for $10.76 billion. + A deal drought sent investment-banking revenue down 48%.


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