Investors are selling shares of Goldman Sachs after the bank reported a drop in quarterly profits.
Quarterly profit was 39% below the consensus estimate, nosediving 66% from 2021 to $1.33 billion, or $3.32 per share.
Meanwhile, net revenues reached $10.59 billion for the fourth quarter of 2022, but were 16% lower than the same period in 2021 and 12% lower than the third quarter of 2022.
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