Goldman Sachs 4Q Earnings Fall 10 Percent, Sending Shares Lower

Goldman Sachs reported fourth quarter earnings on Friday. Earnings per share came in at $4.38, topping Wall Street's forecasts of $4.32 and 22 cents ahead of the same quarter last year. As for the topline numbers, revenue came in at $7.69 billion, just eclipsing analyst's expectations of $7.64 billion and over a 12% dip in revenues compared to fourth quarter of last year. The company's revenues in the fixed income, currency and commodities space were 29% less than the fourth quarter of last year. Plus, investment banking revenues fell 16%, though the company's revenues in equities jumped 15%, compared to the fourth quarter of last year. Shares of Goldman Sachs are trading down two-thirds of one percent at $177.81 per share. TheStreet's Scott Gamm reports from New York.