Goldman Sachs profit hits over 3-year high as investment banking, trading fuel bumper quarter
Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.
Goldman Sachs Earnings: Profit Surges, Powered by Investment Banking
Goldman Sachs said its profit more than doubled in the fourth quarter, boosted by companies’ growing appetite for dealmaking. Profit jumped 105% to $4.11 billion. That amounted to $11.95 per share, which was far better than the $8.
Net income: US$13.5b (up 72% from FY 2023). Profit margin: 26% (up from 17% in FY 2023). The increase in margin was driven by ...
The earnings mirror those of rivals across Wall Street including JPMorgan, Goldman Sachs, Wells Fargo, and Citigroup, whose ...
15hon MSN
Goldman’s profit roughly doubled in Q4 thanks in large part to surging revenues from deal-making, underwriting, and trading.
Activity on Wall Street helped buoy the bank’s fourth-quarter earnings.
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