Market Overview

UPDATE: Goldman Sachs Posts Rise In Q4 Profit

Related GS
Bank Of America Cuts Estimates And Targets On Goldman Sachs, Morgan Stanley Amid Brexit
With Many Financials Out Of Favor, Northern Trust Corporation Upgraded By Citi
The Voices Of Shareholders In Bulge Bracket Boardrooms (Seeking Alpha)

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


Related Articles (GS)

View Comments and Join the Discussion!