Goldman Sachs' earnings fell 53 percent in the fourth quarter due to sharp declines in its investment banking businesses.
Goldman Sachs Group Inc. earned $2.23 billion after paying preferred dividends in the last three months of the year, down from $4.79 billion in the same period year earlier. On a per-share basis, the earnings came out to $3.79 per share versus $8.20 per share.
Goldman's stock fell 3 percent in pre-market trading Wednesday.
The company rewarded its employees with $15.38 billion in salaries and bonuses, or 39.3 percent of its annual revenue, for 2010. The amount was 5 percent lower than 2009.
Revenue fell 10 percent to $8.64 billion.
Underwriting fell 12 percent, while financial advisory services fell 7 percent on lower mergers and acquisitions.