Unhappy shareholders: Goldman Sachs logo appears above a trading post on the floor of the New York Stock Exchange. The group’s stock tumbled 8% even though it reported record full-year revenue and profit on Tuesday. — AP
GOLDMAN Sachs’ workers have been the big winners from the recent boom in dealmaking and trading compared with both its shareholders and peers at rival banks. Investors didn’t take the news well: Goldman’s stock tumbled 8% even though it reported record full-year revenue and profits on Tuesday.
The bank’s performance in fourth-quarter and full-year investment banking fees and trading revenue in bonds, currencies and commodities also beat that of rivals and analysts’ forecasts. Stock trading was the only downer.
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