Mubasher: Goldman Sachs on Wednesday reported a loss in the fourth quarter of 2017, marking the first quarterly loss in six years.

Losses reached $1.93 billion in Q4-17, versus profits of $2.3 billion in Q4-16, hit by a $4.4 billion charge due to the US tax reform and the thin trading.

Earnings per share (EPS) stood at $5.51, while revenues fell to $7.8 billion in Q4-17, compared with $8.1 billion in the same period of the previous year.

Economists had expected revenues to decline to $7.6 billion

Goldman Sachs’ stock slipped 0.9% premarket.