Sunday , March 7 2021

Goldman Sachs earnings jumped 150% in the fourth quarter of 2020

direct: Goldman Sachs earnings jumped more than 150 percent in the fourth quarter of last year, supported by trading revenue.

The results of the US Bank’s business released today, Tuesday, showed that Goldman Sachs’ net income rose to $ 4.36 billion ($ 12.08 per share) in the three months ended December, compared to $ 1.7 billion ($ 4.59 per share) in that period. From last year.

Analysts had expected earnings per share to reach $ 7.47.

U.S. Bank revenue grew 18% in the fourth quarter of 2020, reaching $ 11.74 billion, compared to estimates of $ 9.9 billion.

Investment services revenue rose to $ 2.7 billion in the fourth quarter of 2020, compared to $ 1.8 billion in the comparative quarter of 2019.

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