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 profit doubles as stock traders score record haul
The fixed-income trading business posted $2.74 billion in revenue, driven by gains in currencies, mortgages and credit products. The stock-trading unit logged $3.45 billion in the quarter. That pushed the full-year haul from that group to $13.4 billion, which amounted to record net revenue, according to Goldman.
Key Takeaways CEOs at banks from JPMorgan to Goldman Sachs were broadly positive about the U.S. economy today, touting the ...
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U.S. banks will probably report stronger earnings this week, fueled by robust dealmaking and trading in the fourth quarter.
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