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Goldman Sachs Group, Inc.$230.72($.52)(.22%)

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 GOLDMAN SACHS REPORTS EARNINGS PER COMMON SHARE OF $12.14 FOR 2015; RMBS WORKING GROUP SETTLEMENT (1) REDUCED EARNINGS PER COMMON SHARE BY $6.53
   Wednesday, January 20, 2016 7:37:38 AM ET

FOURTH QUARTER EARNINGS PER COMMON SHARE WERE $1.27; RMBS WORKING GROUP SETTLEMENT (1) REDUCED EARNINGS PER COMMON SHARE BY $3.41

NEW YORK, January 20, 2016 - The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $33.82 billion and net earnings of $6.08 billion for the year ended December 31, 2015. Diluted earnings per common share were $12.14 compared with $17.07 for the year ended December 31, 2014. Return on average common shareholders' equity (ROE) (2) was 7.4% for 2015. During 2015, the firm recorded provisions for the settlement with the RMBS Working Group (1) of $3.37 billion ($2.99 billion after-tax), which reduced diluted earnings per common share by $6.53 and ROE by 3.8 percentage points.

Fourth quarter net revenues were $7.27 billion and net earnings were $765 million. Diluted earnings per common share were $1.27 compared with $4.38 for the fourth quarter of 2014 and $2.90 for the third quarter of 2015. Annualized ROE (2) was 3.0% for the fourth quarter of 2015. During the fourth quarter of 2015, the firm recorded provisions for the settlement with the RMBS Working Group (1) of $1.80 billion ($1.54 billion after-tax), which reduced diluted earnings per common share by $3.41 and annualized ROE by 8.1 percentage points.

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