The fourth quarter closes for Goldman Sachs with collapsing profits, but definitely nonetheless higher than expected. The American investment bank reported earnings per share of 1,84 dollars, while analysts' forecasts did not go beyond 1,24 dollars.
In overall terms, earnings down 58%, to $1,01 billion between October and December and 67% to $2,5 billion for all of 2011.
I revenues in the fourth quarter, however, they were lower than forecasts, reaching 6,05 billion, against the 6,54 billion expected. As of December 31, the bank had a Tier 1 capital ratio of 13,8% and a Tier 1 common ratio of 12,1%.
The numbers have been hailed welcome by the markets, with Goldman Sachs stock gaining 2,3% in pre-market trading.
