Goldman Sachs almost doubles profits, but reports drop in net earnings for 2023 financial results

Goldman Sachs reported a significant drop in its net earnings for 2023, down from $11.26 billion YoY in 2022 to $8.52 billion year-on-year on January 16th 2024. However, its quarterly earnings were up significantly, from $1.33 billion in net earnings in Q4 2022 to $2.01 billion in Q4 2023 – almost doubling the company’s profits. Earnings per shareCopy link to sectionThe financial services giant’s EPS was $5.48 of diluted earnings per common share in Q4 2023, up marginally from $5.47 in Q3, and significantl ...