Goldman Sachs blows away earnings expectations
New York (CNN) — Goldman Sachs had a very good fourth quarter.
Posted — UpdatedThe 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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