Goldman Sachs Reports Strong Q4 Earnings Results

Goldman Sachs reported impressive financial results for the fourth quarter and full year of 2024, with net revenues of $13.87 billion and net earnings of $4.11 billion, significantly surpassing analysts' expectations. The firm's strong performance was driven by robust growth in its Global Banking & Markets and Asset & Wealth Management divisions, with notable increases in investment banking fees and net interest income. For the year, Goldman Sachs achieved net revenues of $53.51 billion, marking a 16% increase from 2023, and an EPS of $40.54, the second-highest in its history. CEO David Solomon expressed confidence in meeting strategic targets, contributing to nearly 50% revenue growth. The stock rose 2.2% in premarket trading following the announcement, reflecting positive investor sentiment. Overall, Goldman Sachs' results highlight its ability to effectively leverage diverse revenue streams amid a recovering financial landscape.