UPDATE: Goldman Sachs Posts Rise In Q4 Profit

Goldman Sachs Group 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.