Earnings News: Goldman Sachs Group Inc (GS) Q4 Profit Tumbles 7% After Bond Trading Business Plunges 29%

Shares of Goldman Sachs Group Inc. (NYSE:GS) dropped more than 1 percent Friday after the investment bank's division that trades bonds, currencies and commodities, traditionally one of the company's strongest divisions, saw its profit plunge 29 percent last quarter. The bank's bond trading division struggled following multiple bouts of volatility last quarter, driven by multiple factors, including dropping oil prices and uncertainty about global economic growth.