Goldman’s asset and wealth management division posted an 8% revenue increase to $4.72 billion, while its global banking and markets division saw a 33% jump to $8.48 billion in Q4.

Profit rose to $4.11 billion, or $11.95 per diluted share, for the three months ended Dec. 31, compared with $2.01 billion, or $5.48 per diluted share, a year ago

JPMorgan saw its net profits rise to a record $58.5 billion from $49.6 billion in 2023, while Goldman Sachs reported profits of $14 billion for 2024, compared to $8.5 billion a year earlier.

Goldman Sachs reported a more than doubled profit in Q4, driven by increased fees from dealmaking and trading. The bank's global banking revenue surged, with strong performances in equity and debt markets.

By Saeed Azhar, Manya Saini and Noor Zainab Hussain NEW YORK (Reuters) -Goldman Sachs beat Wall Street estimates and earned its biggest quarterly profit in more than three years as its investment bankers brought in more deal fees,

Shares of Goldman Sachs Group Inc (GS) rose nearly 5% on Wednesday after the bank’s fourth-quarter earnings topped Wall Street estimates by a wide margin. The bank reported earnings per share (EPS) of $11.

Goldman Sachs shares gained in premarket trading Wednesday after the bank reported better-than-expected fourth-quarter results.