Goldman Sachs quarterly profits dip on legal costs | Bangkok Post: news

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Goldman Sachs quarterly profits dip on legal costs

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Investment bank Goldman Sachs on Thursday reported a 20.6 percent decline in quarterly earnings, as elevated litigation expenses offset higher underwriting revenues from public offerings.  

The headquarters of Goldman Sachs in lower Manhattan in New York

Fourth-quarter earnings came in at $2.2 billion on revenues of $8.8 billion, compared with earnings of $2.8 billion on revenues of $9.2 billion in the year-ago period.

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