Goldman Sachs' Profits are Weighed Down by Big Bonuses and Subpar Trading
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"It was the best of times, it was the worst of times."
On Tuesday, Goldman Sachs revealed 2021 was easily the most profitable year in its history, for which executives are swimming in record bonus payouts. But the world's most famous investment bank also reported earnings fell a worrisome 13% in the last three months of the year, dragged down by a lackluster performance by its trading team. Meanwhile, 2022 is already looking the worse for wear.
Source Fool.com
