16.01.2015 - Report of Goldman Sachs disappointed investors
Profit of the company Goldman Sachs declined in the 4th quarter of last year by 7.1% due to lower revenue from investment banking. Net profit for the period amounted to 2.17 billion dollars or 4.38 dollars per share, compared with an expected 2.30 billion dollars or 4.32 dollars per share. At the same time, the company's revenue dropped 12% to 7.69 billion. The results of trading with fixed income assets and currency is falling. At the moment, the financial sector is a risky investment, and we expect a decline of quotations by 10-15% in the medium term.