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Goldman Sachs Shares Earned Double Profits, Exceeding Expectations!
Goldman Sachs Shares Earned Double Profits, Exceeding Expectations ; Goldman Sachs Shares Earned Double Profits
Yazar: Zack Smith
Yayınlanma: 19 Ocak 2021 17:05
Güncellenme: 22 Kasım 2024 18:36
Goldman Sachs Shares Earned Double Profits, Exceeding Expectations!
Shares of Goldman Sachs Group Inc reported that it more than doubled its fourth quarter net income, exceeding expectations by a wide margin. In pre-market trading on Tuesday, the stock jumped 2.0 percent after the announced earnings reports. The net income of Goldman increased from $ 1.72 billion to $ 4.51 billion compared to the previous year, while the increase per share of Goldman was $ 12.08 from $ 4.69. (FactSet's consensus was on earnings per share of $ 7.45).Total revenue exceeded FactSet's forecast of $ 9.99 billion
Total revenue rose 17.9 percent to $ 11.74 billion, higher than FactSet's forecast of $ 9.99 billion, while net interest income increased by 32.4 percent to $ 1.14 billion and $ 1.41 billion. Among the fields of activity of Goldman, revenue increased the most in market making with 53 percent and investment banking with 34 percent. In the area of investment banking, revenue nearly tripled to $ 1.12 billion, up 195 percent, above the $ 784.4 million FactSet consensus. In addition, debt burden increased by 68 percent to $ 526 million, which is below the consensus of $ 583.8 million.Equity revenue was $ 2.39 billion, up 40 percent, beating expectations of $ 1.89 billion.
Fixed income, currencies, and commodity (FICC) revenue increased 6 percent to $ 1.88 billion, below expectations of $ 2.06 billion. Equity revenue was $ 2.39 billion, up 40 percent, beating expectations of $ 1.89 billion. The stock was up 46.3 percent in the last three months through Friday, while the Dow Jones Industrial Average DJIA gained 9.3 percent. Goldman Sachs Shares Earned Double Profits, Exceeding Expectations! Source: https://www.marketwatch.com/Goldman Sachs Analysis: Biden's $ 1.9 Trillion Incentive Package will Boost the American Economy
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