Goldman Sachs Q4 results show net loss of USD 1.93bln

Author: Mike Paterson | Category: News

Latest of the banking giants to report Q4 and 2017 earnings results 17 Jan

More tax reform one-off charges in play with the accounting period. Adam had this piece on the creative accounting practice yesterday
  • adj EPS -$5.51
  • EPS ex-tx charge $5.68
  • Revenue $ 7.83bln vs $7.61bln exp
First quarterly loss in 6 years.

Says GS:
  • The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $32.07 billion and net earnings of $4.29 billion for the year ended December 31, 2017. Diluted earnings per common share were $9.01 compared with $16.29 for the year ended December 31, 2016. Return on average common shareholders' equity (ROE) (3) was 4.9% for 2017.
  • During the fourth quarter of 2017, the firm recorded $4.40 billion of income tax expense related to Tax Legislation (1). Excluding this expense, diluted earnings per common share were $19.76 (2) and ROE was 10.8% (2) for 2017
  • Fourth quarter net revenues were $7.83 billion and the net loss was $1.93 billion. The diluted loss per common share was $5.51 compared with diluted earnings per common share of $5.08 for the fourth quarter of 2016 and $5.02 for the third quarter of 2017. Excluding Tax Legislation (1), diluted earnings per common share were $5.68 (2) for the fourth quarter of 2017.

Full report here

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose