Goldman Sachs (GS) earnings Q4 2024

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
$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 revenue 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.
Shares of the firm rose more than 5% in morning trading.
Equities trading generated $3.45 billion in revenue, roughly $450 million more than the StreetAccount estimate. Fixed income trading had $2.74 billion in revenue, topping the estimate by almost $300 million. Investment banking fees of $2.05 billion essentially matched the estimate.
Another source of strength for the bank was its asset and wealth management division, which saw revenue jump 8% to $4.72 billion, topping estimates by $560 million.