Goldman Sachs' revenue fell for first time in 2 years — Apple Card was the problem

Core Insights - Goldman Sachs exceeded fourth-quarter profit expectations significantly, driven by strong performance in investment banking and equities sectors [1] - Despite the profit beat, the stock price declined due to disappointing revenue figures [1] Investment Banking Performance - The investment banking division showed particular strength, contributing positively to the overall profit results [1] Equities Business - The equities business also performed well, further supporting the company's strong profit margins in the fourth quarter [1] Revenue Concerns - Revenue figures fell short of market expectations, which negatively impacted the stock performance despite the profit beat [1]