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UPDATE: Goldman Sachs Posts Rise In Q4 Profit

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Goldman Sachs Group (NYSE: GS) reported a rise in its fourth-quarter profit.

Goldman Sachs' financial advisory revenue climbed 8.1% in the quarter.

Its quarterly profit surged to $2.89 billion, from $1.01 billion, in the year-ago period. Earnings per share gained to $5.60 from $1.84.

Its net revenue climbed 53% to $9.24 billion. However, analysts were expecting earnings of $3.78 per share on revenue of $7.91 billion.

Goldman Sachs shares gained 2.26% to $138.65 in pre-market trading.

Posted-In: profitEarnings News

 

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