Goldman Sachs 4Q profit beats estimates as investment banking, trading fuel bumper quarterGoldman Sachs posted its best profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.
Its shares rose 3% before the bell on Wednesday as the investment bank earned US$11.95 (RM53.79) per share in the fourth quarter (4Q), compared with US$8.22 expected by analysts, according to estimates compiled by LSEG.