Goldman Sachs Earnings: Profit Surges, Powered by Investment Banking
Goldman Sachs said its profit more than doubled in the fourth quarter, boosted by companies’ growing appetite for dealmaking. Profit jumped 105% to $4.11 billion. That amounted to $11.95 per share, which was far better than the $8.
David Solomon has refocused Goldman on its core skills, while Jane Fraser is still struggling to get Citi into shape.
Goldman Sachs ( GS 6.02%), and Citigroup ( C 6.49%) were all higher by 5% or more for the day. There are two main reasons why ...
Citi wealth head Andy Sieg told employees that net new investment assets — which surged last year — are the division's "North ...
Also Read: Bank of America Q4 Earnings: $6.7 Billion Profit, $1.7 Billion In Investment Banking Fees Goldman Sachs: Citi managed to deliver about 3.5% revenue growth, decline in expense ...
Goldman Sachs Group Inc.'s Chief Executive David Solomon said he's "pleased" with the bank's "strong" results after the investment bank handily topped Wall Street estimates for its fourth-quarter ...
Among the S&P 500’s eleven sectors, Financials are expected to report the highest year-over-year earnings growth at nearly 40 ...
On Wednesday, Goldman Sachs, JPMorgan, Wells Fargo and Citigroup all posted profits that were better than expected. Similar readings came from others during the week, such as Wells Fargo, Morgan ...
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