Goldman Sachs blows away earnings expectations

Goldman Sachs blows away earnings expectations

Jan 16,2024
New York CNN  — 

Goldman Sachs had a very good fourth quarter.

The company announced Tuesday morning that it had brought in about $11.3 billion in revenue, while earnings per share came in at $5.48 in the final months of the year.

Those numbers blew away Wall Street expectations. Analysts surveyed by FactSet had expected revenue of $10.8 billion and earnings per share of $3.62.

Goldman’s profit also increased by about 51% from a year ago, to just over $2 billion.

Shares of the Investment bank were trading about 0.6% higher in premarket trading.

This story is developing and will be updated.

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