Goldman Sachs Q4 Global Banking & Markets Revenue $6.35B, Down 3% YoY; Asset & Wealth Management Revenue $4.39B, Up 23% YoY; Platform Solutions Revenue $577M, Up 12% YoY
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs reported mixed financial results for Q4, with Global Banking & Markets revenue down 3% year-over-year at $6.35B, while Asset & Wealth Management revenue increased by 23% to $4.39B, and Platform Solutions revenue grew by 12% to $577M.
January 16, 2024 | 12:37 pm
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Goldman Sachs experienced a decrease in Global Banking & Markets revenue by 3% YoY, but saw growth in Asset & Wealth Management by 23% and in Platform Solutions by 12% YoY.
The mixed results with both a decrease in one segment and increases in others suggest a neutral short-term impact on Goldman Sachs' stock price. The growth in Asset & Wealth Management and Platform Solutions may offset concerns about the decline in Global Banking & Markets revenue.
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IMPORTANCE 75
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