The Traderszone Network

Published in TZ Latest News 20 January, 2016 by The TZ Newswire Staff

Goldman posts smallest profit in four years; revenues top estimates

Like other banks, Goldman has struggled as plummeting oil prices, concerns about China’s economy, and nervousness about the timing and pace of U.S. interest rate increases weighed on credit markets. Goldman, the last of the big U.S. banks to release fourth-quarter earnings, reported a drop in revenue in all but one of its main businesses. The one bright spot was investment banking, which helped the bank beat revenue and profit expectations.