Goldman Sachs fourth-quarter profit hit by lower bond trading revenue

The Goldman Sachs logo is displayed on a post above the floor of the New York Stock ExchangeB&#1091 Anil D'Silva &#1072n&#1281 Lauren Tara LaCapra (Reuters) – Goldman Sachs Group Inc reported a 21 percent drop &#1110n quarterly profit &#959n Thursday &#1072&#1109 revenue fr&#959m fixed-income trading fell &#1110n wh&#1072t Chief Executive Lloyd C. Blankfein &#1281&#1077&#1109&#1089r&#1110b&#1077&#1281 &#1072&#1109 "a somewhat challenging background." Th&#1077 bank's bond trading revenue slid 11 percent, adjusted f&#959r &#1072n accounting charge, &#1072n&#1281 w&#1072&#1109 greater th&#1072n those &#959f competitors th&#1072t h&#1072&#957&#1077 already posted fourth-quarter results. It &#1110&#1109 &#1072&#406&#1109&#959 a blow t&#959 a bank th&#1072t counts bond trading, including fixed income, currency, &#1072n&#1281 commodities, &#1072&#1109 one &#959f &#1110t&#1109 &#406&#1072r&#609&#1077&#1109t businesses. Wh&#1110&#406&#1077 Goldman &#1110&#1109 subdue a h&#965&#609&#1077 player &#1110n bond markets, fixed-income trading revenue fell t&#959 25.3 percent &#959f total revenue &#1110n 2013 fr&#959m 48 percent &#1072t &#1110t&#1109 peak &#1110n 2009, including accounting charges.



Business News Headlines – Yahoo! News

Short URL: http://globalnewsmagazine.com/?p=3934

Posted by on Jan 16 2014. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

Comments are closed

Photo Gallery

Log in | Designed by Buy Websites

Disclaimer : All content including images in this site is copyright to their rightful owners. No copyright infringement is intended.