David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.
Adam Galici | CNBC
Goldman Sachs on Wednesday posted fourth-quarter results that topped estimates on stronger than expected trading revenue.
Here’s what the company reported:
- Earnings: $11.95 a share vs. $8.22 LSEG estimate
- Revenue: $13.87 billion vs. $12.39 billion expected
The bank said profit roughly doubled from a year earlier to $4.11 billion, or $11.95 a share, as revenues grew while expenses shrank. Revenue jumped 23% to $13.87 billion, helped by higher equities and fixed income trading revenue, and rising investment banking results.
Goldman Sachs is riding a wave of enthusiasm over a rebound in Wall Street deals.
The bank’s shares jumped nearly 50% last year, topping its big bank rivals, as the Federal Reserve’s easing cycle and the November election of Donald Trump boosted…
