Investment bank Goldman Sachs Group Inc. (GS: Quote) posted a surge in fourth-quarter net earnings applicable to common shareholders to $2.83 billion, or $5.60 per share, from $978 million, or $1.84 per share in the comparable period last year. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $3.78 for the quarter. Analysts’ estimates typically exclude one-time items.
Quarterly net revenues, including net interest income, totaled $9.24 billion, a significant growth from $6.05 billion in the prior-year period. Analysts estimated revenues of $7.91 billion for the quarter. Annualized ROE was 16.5% for the latest quarter.
Additionally, the Group, Inc. declared a dividend of $0.50 per share, payable on March 28, 2013 to common shareholders of record on February 28, 2013.
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by RTT Staff Writer
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