Goldman Sachs profit misses estimates on higher costs, weak M&A
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(Reuters) - Goldman Sachs Group Inc on Wednesday reported quarterly profit that missed analysts' estimates by a wide margin, hurt by weakness in its investment banking business and higher operating costs.The bank's net earnings applicable to common shareholders fell to $1.72 billion in the quarter ended Dec. 31 from $2.32 billion a year earlier. Earnings per share fell to $4.69 from $6.04.Analysts on average had expected earnings of $5.47 per share, according to the IBES estimate from..