Goldman Sachs Q4 results announced

Goldman Sachs reported its latest financial results for the previous quarter before the US market open on Tuesday. Let’s take a closer look at the key numbers.

The company reported higher than expected revenue for Q4 2021 of $12.639 billion vs. $12.044 billion estimate.

Earnings per share (EPS) at $10.81 per share in Q4 2021, below Wall Street analyst expectations of $11.77 per share.

In 2021, Goldman Sachs generated record net revenues of $59.34 billion, record net earnings of $21.64 billion and record diluted EPS of $59.45 – all significantly surpassing previous records.

David Solomon, Chairman and CEO commented on last year’s performance: ”2021 was a record year for Goldman Sachs. The firm’s extraordinary performance is a testament to the strength of our client franchise and people. Moving forward, our leadership team remains committed to growing Goldman Sachs, diversifying our businesses and delivering strong returns for shareholders.”

Goldman Sachs chart (1Y)

Shares of Goldman tumbled on Tuesday following the latest results, down by around 7%. The stock is up by 19% in the last year at $350.60 per share.

Goldman Sachs is the 117^th largest company in the world and with a total market cap of $127.07 billion.

You can trade Goldman Sachs (GS) and many other stocks from the NYSE, NASDAQ and the ASX with GO Markets as a Share CFD.

Sources: Goldman Sachs, TradingView, CompaniesMarketCap