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Goldman Sachs Group Inc Posts Lower Q4 Results; Beats Estimates (GS)

Mike Deane Jan 16, 2015


Before the opening bell on Friday morning, Goldman Sachs (GS ) reported its fourth quarter results, posting lower revenues and earnings compared to last year’s fourth quarter results.


GS’s Earnings in Brief


  • Goldman Sachs reported fourth quarter revenues of $7.69 billion, down from last year’s Q4 revenues of $8.78 billion.
  • Net earnings for the quarter came in at $2.03 billion, or $4.38 per diluted share, down from last year’s Q4 figures of $2.25 billion, or $4.60 per diluted share.
  • The company’s quarterly results beat analysts’ estimates of $4.32 EPS on revenues of $7.64 billion.
  • For the full year, Goldman reported earnings of $8.08 billion, or $17.07 per diluted share on revenues of $34.53 billion.


CEO Commentary


GS chairman and CEO Lloyd C. Blankfein had the following comments: “We are pleased with our performance during a year characterized by mixed global economic and financial conditions. The depth of our global client franchise and our continued discipline on expenses and capital management produced a solid return for our shareholders. Looking ahead, we see evidence of a continued pick up in momentum for the global economy that will improve the opportunity set for 2015.”


GS’s Dividend


Goldman Sachs declared a quarterly dividend of 60 cents, which will be paid on March 30 to all shareholders on record as of March 2.


Stock Performance


Goldman Sachs stock was down $3.54, or 1.98%, in pre-market trading.

GS Dividend Snapshot

As of market close on January 15, 2015


BBY dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of GS dividends.


The Bottom Line


Goldman Sachs (GS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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