Goldman Sachs blows past estimates on trading, dealmaking

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Goldman Sachs Group reported strong fourth-quarter results bolstered by continued strength in dealmaking and trading.

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The New York-based investment bank earned $4.51 billion, or $12.08 per share, on revenue of $11.74 billion. The results exceeded the $7.47 per share and revenue of $9.99 billion that Wall Street analysts surveyed by Refinitiv were anticipating.

“We were able to help clients navigate a difficult environment, and, as a result, achieved strong results across the franchise, while advancing our strategic priorities,” Goldman Sachs CEO David Solomon said in a statement.

This story is developing. Check back for updates.  

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