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.