21.01.2016 - Plunging commodities prices take toll on Goldman Sachs, others
Goldman Sachs Group Inc on Wednesday became the latest company to report a quarterly revenue decline as oil prices extended their slump and unseasonably warm weather reduced the demand for natural gas and power. Goldman's revenue from fixed income, currency and commodities client execution was $1.12 billion for the fourth quarter, down 8 percent from the prior-year period primarily on "significantly lower" earnings in commodities, the bank said in a statement. That was more than 20 percent down from $1.46 billion during the third quarter...............................................Full Article: Source
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