Goldman Sachs earnings surge amid pandemic upheaval

New York (AFP) – Goldman Sachs reported another blowout quarter Tuesday to conclude a highly profitable 2020 despite the coronavirus pandemic, which provided lucrative opportunities to the investment bank while battering much of the US economy. Goldman’s profits soared to $4.4 billion in the final quarter of the year, more than double the earnings from the same period a year ago, as it scored higher revenues in all four operating divisions and easily topped analyst estimates. The just-ended quarter showed a continuation of the heady trends from Goldman’s third quarter: more strength in equity …

Read More

HEDGE accordingly