Goldman Sachs Group Inc on Wednesday posted a decline in quarterly profit, in part reflecting lower results in fixed-income trading.

Fourth-quarter net income after payment of preferred stock dividends totaled $2.23 billion, or $3.79 per share, compared with $4.79 billion, or $8.20 a share, a year earlier.

Analysts on average $3.76 per share, Thomson Reuters I/B/E/S said.

(Reporting by Jonathan Stempel in New York; editing by John Wallace)

Goldman sachs