Goldman Sachs swings to loss on tax charge
Reuters
Published Jan 17, 2018 13:00
Updated Jan 17, 2018 13:10
Goldman Sachs swings to loss on tax charge
(Reuters) - Goldman Sachs Inc (N:GS) on Wednesday reported a quarterly loss, hit by a one-time charge of $4.40 billion from the sweeping tax code changes enacted by President Donald Trump.
Net loss applicable to shareholders was $2.14 billion (1.55 billion pounds) or $5.51 per share in the fourth quarter ended Dec. 31, compared with profit of $2.15 billion or $5.08 per share last year.
Excluding the one-off charge and other items, the Wall Street bank recorded earnings per share of $5.68.
Analysts on average were looking for $4.91 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the numbers were comparable.
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Written By: Reuters
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