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Goldman Sachs profit hit by lower bond trading revenue
January 16, 2014 / 12:40 PM / in 4 years

Goldman Sachs profit hit by lower bond trading revenue

Jan 16 (Reuters) - Goldman Sachs Group Inc reported a 21 percent drop in quarterly profit as revenue from fixed-income trading fell.

Net income applicable to common shareholders fell to $2.25 billion, or $4.60 per share, in the fourth quarter from $2.83 billion, or $5.60 per share, in the same quarter of 2012, the Wall Street bank said on Thursday.

Analysts had expected earnings of $4.21 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear whether the reported numbers were comparable. (Reporting by Anil D‘Silva in Bangalore and Lauren Tara LaCapra in New York; Editing by Ted Kerr)

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