Goldman Sachs Q1 earnings beat, but NII, credit loss provision disappoint (GS:NYSE)

Goldman Sachs shares slipped 3.5% in premarket trading after Q4 net interest income missed expectations and provisions for credit losses came in above consensus. The earnings bottom line still beat estimates, supported by strong top-line performance, but the miss on NII and higher credit costs weighed on sentiment. The move is likely to affect Goldman shares more than the broader market.

Analysis

Goldman Sachs shares slipped 3.5% in premarket trading after Q4 net interest income missed expectations and provisions for credit losses came in above consensus. The earnings bottom line still beat estimates, supported by strong top-line performance, but the miss on NII and higher credit costs weighed on sentiment. The move is likely to affect Goldman shares more than the broader market.