Goldman Sachs (GS.US) shares rose 2.4% in pre-market climbing above $308 as the investment bank reported its fourth-quarter earnings before the opening bell.
Goldman Sachs managed to beat analysts’ expectations as the firm posted profit of $12.08 a share (vs $7.47 a share expected). Revenue came in at $11.74 billion, exceeding the estimate by roughly $1.75 billion (18% higher from a year ago) Earnings were boosted by trading and banking. Net revenues in global markets hit $4.27 billion in the fourth-quarter(+23% YoY). Goldman’s investment bank posted record revenues of $2.61 billion (+27% YoY).
Goldman Sachs (GS.US) stock has climbed to its all-time highs on rotation trade, which had started in November 2020. Share price soared roughly 60% since then. Stock is expected to start the session above the $308 mark on stronger-than-expected Q4 earnings. Source: xStation5
US OPEN: Wall Street Nears Record Highs Ahead of Long Weekend, Powered by AI
Market Wrap: Technology Stocks Keep European Markets Afloat💡
Hopes remain high for a US/ Iran deal, as stocks rally and bonds recover
Walmart falls despite strong earnings
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
