Goldman Sachs earns $4.79 billion in fourth quarter
Goldman Sachs Group Inc. said Thursday it earned $4.79 billion in the fourth quarter as the bank cut back on compensation and its trading business again outdistanced the rest of the financial industry.
Goldman Sachs posted its first quarterly loss since it went public in 1999, losing US$2.12 billion during its fiscal fourth quarter ended Nov. 28, but the firm still managed to eek out a full year profit.