Goldman Sachs Profit Slides 52 percent

Goldman Sachs (GS) s earnings dropped 52 percent, the third straight quarterly decline, as a slowdown in trading and investment banking reduced revenue more than analysts estimated. The shares fell by the most in almost two months. Fourth-quarter net income decreased to $2.39 billion, or $3.79 a share, from $4.95 billion, or $8.20, a year earlier, the New York-based co. said today in a statement. Estimates of 22 analysts surveyed by Bloomberg averaged $3.79 a share.

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