Goldman Sachs 4Q profits surge to $4.4 bn, topping estimates

New York (AFP) – Goldman Sachs said Tuesday the firm’s fourth-quarter profits more than doubled on a strong performance across operations and lower costs. Goldman profits soared to $4.4 billion in the final quarter of the year, a 153 percent increase compared with the year-ago level, again underscoring the investment bank’s might at a time when other sectors have been devastated by the coronavirus pandemic. Revenues rose 18 percent to $11.7 billion. Goldman’s results reflected surging revenues in financial advising services, good trading activity and much lower expenses for litigation and regu…

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