Sunday, December 07, 2025 | 09:54 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Goldman Sachs swings to loss on tax charge

Image

Reuters

(Reuters) - Goldman Sachs Inc 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 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. http://bit.ly/2Ba6H9f

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.

 

(Reporting By Aparajita Saxena in Bengaluru; Editing by Bernard Orr)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 17 2018 | 6:29 PM IST

Explore News