Goldman Sachs Profits Jump by 153% Thanks to Acquisition And Trading Activities

Goldman Sachs Group announced a 153% increase in fourth-quarter profit today, Tuesday, driven by the strong performance of its core bond trading and underwriting activities, and an increase in mergers and acquisitions activities.

The bank’s net profit attributable to ordinary shareholders rose to $ 4.36 billion in the quarter ended Dec. 31, from $ 1.72 billion a year earlier. Earnings per share increased to $ 12.08 from $ 4.69 a year ago.Analysts had expected a profit of $ 7.47 per share, on average, according to I / B / E / S estimates from Refinitiv.