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"Goldman Sachs Smashes Earnings Expectations with Surging Stock Trading"

1 min read
Source: Bloomberg
"Goldman Sachs Smashes Earnings Expectations with Surging Stock Trading"
Photo: Bloomberg
TL;DR

Goldman Sachs Group Inc. exceeded profit expectations with a significant surge in its equities-trading unit, which saw a revenue increase three times higher than analysts' projections. The asset and wealth division also contributed to the gains, achieving its highest quarterly revenue in two years due to the sale of a financial-management business. However, the results were dampened by underperforming fixed-income trading and investment-banking fees.

Topics:businessfinance#asset-management#equity-trading#finance#financial-transition#goldman-sachs#revenue
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  1. (GS) Goldman Sachs Tops Estimates as Stock Trading Surges Past Expectations  Bloomberg
  2. Goldman Sachs blows away earnings expectations  CNN
  3. Goldman Scores a Win With Sharply Higher Earnings  The Wall Street Journal
  4. Goldman posts 51% gain in last quarter of David Solomon's most challenging year as CEO  Yahoo Finance
  5. Goldman Sachs 4Q Stock Trading Surges Past Expectations  Bloomberg Television

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