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.
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
4hon MSN
Goldman’s profit roughly doubled in Q4 thanks in large part to surging revenues from deal-making, underwriting, and trading.
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 ...
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat ...
Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from ...
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Citigroup turns to profit in fourth quarter, revenue up 12%Citigroup on Wednesday reported fourth quarter net income of $2.9 billion, compared to a net loss of $1.8 billion in the ...
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