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    Earnings News: Citigroup Inc (NYSE: C), Goldman Sachs Group Inc (NYSE: GS)


    by IBTimesTV


    Goldman Sachs Group Inc. (NYSE: GS) on Thursday reported fiscal a fourth-quarter profit of $4.60 per share, above analysts’ estimates, while revenue also topped Street consensus.

    Shares of Goldman fell 1.54 percent to $176 in morning trading.

    Citigroup Inc. (NYSE: C) posted a quarterly profit of 82 cents per share, excluding items, which came in 13 cents below Wall Street estimates, as revenue missed as well.

    Shares of Citigroup dropped 3.71 percent to $52.95.

    The Dow Jones industrial average fell 74.91 points, or 0.45 percent, at 16,407.03. The S&P 500 Index was down 5.48 points, or 0.30 percent, at 1,842.90. The Nasdaq Composite Index was down 3.17 points, or 0.08 percent, at 4,211.71.