Thu, January 16, 2025
[ Thu, Jan 16th ]: Forbes
Five Web3 Trends To Watch In 2025: AI, DePINs, RWAs And Beyond
[ Thu, Jan 16th ]: sinchew
HKPC "ForeSight 2025" Explores Economic Future and Champions Sustainable Development in Hong Kong
[ Thu, Jan 16th ]: cnbctv18
Budget 2025 Expectations LIVE Updates: Key expect .. ster Nirmala Sitharaman's February 1 presentation
[ Thu, Jan 16th ]: Reuters
Indian central bank's daily liquidity infusion to aid money markets, traders say
Wed, January 15, 2025
[ Wed, Jan 15th ]: YourTango
People Who Master These 10 Challenges Almost Always End Up In Jobs They Love
[ Wed, Jan 15th ]: Forbes
Why Digitization Will Transform The Small Business Economy Under Trump
[ Wed, Jan 15th ]: Forbes
The Future Of Finance: 2025 Is Calling
[ Wed, Jan 15th ]: Investopedia
Wondering if a College Degree Pays Off? See How It Affects Lifetime Income
[ Wed, Jan 15th ]: Newsroom
Taxing charities' business income would have 'devastating' impact on communities
[ Wed, Jan 15th ]: Forbes
Strategic Networking For CFOs In Transition
[ Wed, Jan 15th ]: NDTV
Union Budget 2025: Expectations Of Indian Startups From FM Nirmala Sitharaman
[ Wed, Jan 15th ]: Kiplinger
Citigroup Stock Jumps on Earnings, $20 Billion Stock Buyback News
[ Wed, Jan 15th ]: Stockhouse
MineHub's 2024 Annual Update and Strategic Outlook for 2025
[ Wed, Jan 15th ]: Euronews
Kazakhstan's digital economy: Fintech growth, cashless payments, and cybercrime prevention
[ Wed, Jan 15th ]: bnnbloomberg
Trudeau and the premiers meet to discuss a response to Trump's threatened tariffs
[ Wed, Jan 15th ]: MSN
JPMorgan notches another record year of profits
[ Wed, Jan 15th ]: Forbes
Unleashing Your Financial Superpowers With AI
[ Wed, Jan 15th ]: AOL
Bitcoin and stocks have been moving in sync: Morning Brief
[ Wed, Jan 15th ]: WSPA
Upstate finance professional breaks down biggest tax changes for 2025
[ Wed, Jan 15th ]: Reuters
BNY fourth-quarter profit rises on boost from higher fee income
[ Wed, Jan 15th ]: ProPublica
Tribal Lenders Say They Can Charge Over 600% Interest. These States Stopped Them.
[ Wed, Jan 15th ]: Reuters
Developer GuocoLand secures green loans totalling $908 million
[ Wed, Jan 15th ]: MSN
Generative AI, other Kenyan business trends to note in 2025 that shaped 2024
[ Wed, Jan 15th ]: SHINE
Shanghai economy surpasses US$695.6 billion in 2024
[ Wed, Jan 15th ]: Reuters
French central bank recommends cut in popular savings account interest rate
[ Wed, Jan 15th ]: Reuters
UK banks resist mortgage rate hikes amid money market turmoil
[ Wed, Jan 15th ]: MSN
Economy May Grow 20% With Female Participation, World Bank Says
[ Wed, Jan 15th ]: MSN
Sluggish domestic demand leads to job market decline
[ Wed, Jan 15th ]: timesnownews
ITR Filing Deadline: Check Last Date To File Late ITR, Penalties And Other Details
[ Wed, Jan 15th ]: MSN
Exclusive: Brooks Macdonald makes senior layoffs
Tue, January 14, 2025
[ Tue, Jan 14th ]: Emirates247
MoHESR and DEWA join forces to align the scholarship programme with national priorities
[ Tue, Jan 14th ]: Kiplinger
How Another Trump Presidency Will Impact the Stock Market in 2025
[ Tue, Jan 14th ]: Yahoo
Company Says Its Sexy Robot "Companions" No Longer Have Genitals and Are "Not Meant for Sex"
[ Tue, Jan 14th ]: Reuters
Global electric vehicle sales up 25% in record 2024
[ Tue, Jan 14th ]: Investopedia
What's Behind Surging Business Optimism? Likely Some of Trump's Proposals
[ Tue, Jan 14th ]: Forbes
Looking Back At Biden's Influence On Business Finances
[ Tue, Jan 14th ]: Forbes
The Future Of Accuracy In Healthcare Is Within Reach
[ Tue, Jan 14th ]: Reuters
US and European stocks rise as bond sell-off abates, focus on inflation
[ Tue, Jan 14th ]: Reuters
Britain's Reeves pledges to stick to fiscal rules at all times
[ Tue, Jan 14th ]: MSN
Greenwich schools name new finance director and other celebrations
[ Tue, Jan 14th ]: MSN
Trump wants to 'save' TikTok. One rescuer could be Elon Musk.
[ Tue, Jan 14th ]: Reuters
JPMorgan names CEO contender Jennifer Piepszak as its operations chief
[ Tue, Jan 14th ]: MSN
Conservatives call on government to back off capital gains changes due to legislative limbo
[ Tue, Jan 14th ]: MSN
5 Cities That Are Likely To Thrive Once Trump Takes Office
[ Tue, Jan 14th ]: Firstpost
Will Union Budget 2025 deliver on financial sector reforms?
[ Tue, Jan 14th ]: Forbes
How To Prepare Financial Statements For A Future Public Company
[ Tue, Jan 14th ]: Forbes
Partnerships: How To Drive Business Success Without Draining Resources
[ Tue, Jan 14th ]: Tuko
Kenya Railways Announces Several Career Opportunities with January Deadline

Goldman Sachs profit surges as investment banking, trading fuel bumper quarter

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. estment-banking-trading-fuel-bumper-quarter.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.
Goldman Sachs reported a significant surge in profit for the fourth quarter of 2024, driven by a robust performance in its investment banking and trading sectors. The bank's profit increased by 51% to $2.01 billion, or $5.48 per share, surpassing Wall Street expectations. This was largely due to a 26% rise in investment banking fees, fueled by a rebound in global mergers and acquisitions, and a 23% increase in equity trading revenue. Additionally, Goldman Sachs benefited from a $529 million gain related to the sale of part of its wealth business to Creative Planning. Despite these gains, the bank's asset and wealth management division saw a 12% revenue drop, reflecting challenges in that sector. Overall, these results underscore a strong recovery in financial markets and strategic business decisions by Goldman Sachs.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/goldman-sachs-profit-surges-investment-banking-trading-fuel-bumper-quarter-2025-01-15/ ]