Reported about 8 hours ago
Goldman Sachs reported its highest profit since Q3 2021, exceeding Wall Street forecasts, with a fourth-quarter earnings per share of $11.95 compared to the expected $8.22. The surge in profits is attributed to strong performance in investment banking, particularly in mergers and acquisitions, equity and debt underwriting, which saw significant revenue growth. Optimism in the market, driven by interest rate cuts and favorable economic policies, is expected to sustain increased dealmaking activity in 2025.
Source: YAHOO