Goldman Sachs Group achieved a growth of 153% in its fourth quarter earnings, in light of strong performance of bond trading and underwriting activities, and an increase in mergers and acquisitions activities.
According to Reuters, the bank's net profit attributable to ordinary shareholders rose to $ 4.36 billion in the quarter ended December 31 from $ 1.72 billion a year earlier.
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increased earnings per share to $ 12.08 from $ 4.69 a year ago.
Analysts were expecting an average profit of $ 7.47 per share, based on I / B / E / S estimates from Refinitiv.
The Goldman Sachs Group had announced a 94% increase in its quarterly profits previously, driven by the resurgence of its dealmaking activities and the continued strength of its trading and underwriting activities.
The bank's net profit attributable to ordinary shareholders rose to $ 3.5 billion in the quarter ended September 30 from $ 1.8 billion a year earlier. Earnings per share increased to double at $ 9.68 from $ 4.79 a year ago.
