Goldman Sachs’ profit surges

Comment on this story

Goldman Sachs' earnings almost tripled in the fourth quarter as investment banking revenues surged.

The bank earned $2.83 billion after paying preferred dividends, compared with $978 million a year earlier, the company said in a press release Wednesday.

The investment bank earned $5.60 on a per-share basis, compared with the average analysts forecast of $3.71, according to data provider FactSet.

Revenue rose to $9.24 billion, 53 percent higher than in the same period a year ago, beating analysts' estimates of $7.97


Goldman's stock gained $2.52, or 2 percent, to $138.11 in pre-market trading. - Sapa-AP

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.