Goldman Sachs’s Trading Beat Cushions Consumer, Dealmaking Slump (NYSE:GS)

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Goldman Sachs Group Inc. posted a bigger increase in expenses than analysts expected as it set aside more for compensation in the fourth quarter. 

Fourth-quarter compensation costs of $3.8 billion were 16% higher than in the same period last year, though that gauge dropped on a full-year basis. That indicates the bank’s leadership was too conservative with its set-aside for pay in the first nine months of 2022. Managers will still have to deliver a tough bonus message to its bankers and traders this week.

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