Goldman Sachs Reports $3.79 EPS (GS)

New York city-based Goldman Sachs Group, Inc. GS on Wednesday morning released financial results. Goldman Sachs Group, Inc reported that its 4th quarter net earnings fell 53% to $2.2 billion, or $3.79 per share, down from $4.8 billion, or $8.20 per share, a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of $3.76 per share. Chairman and chief executive officer Lloyd C. Blankfein said, “Market and economic conditions for much of 2010 were difficult, but the firm's performance benefited from the strength of our global client franchise and the focus and commitment of our people. Looking ahead, we are seeing signs of growth and more economic activity and we are well-positioned to help our clients expand their businesses, manage their risks and invest in the future.” Goldman Sachs Group, Inc. (GS) ended the previous trading session at $174.68 per share. Analysts covering the company's stock have a consensus price target of $194.95 per share. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Read more from Benzinga's Company news.