Goldman Sach’s second largest business, Asset and Wealth Management, made $4.72 billion in revenue in the fourth quarter, up 8% from Q4 2023 and 24% from the previous quarter. The gains were spurred by higher management fees due to rising asset levels.

Goldman Sachs (NYSE: GS) reported net revenues of $53.51 billion and net earnings of $14.28 billion for the year ended December 31, 2024 pleasing Wall Street

Goldman Sachs said its profit more than doubled in the fourth quarter, boosted by companies’ growing appetite for dealmaking. Profit jumped 105% to $4.11 billion. That amounted to $11.95 per share, which was far better than the $8.

Goldman Sachs (GS) shares gained in premarket trading Wednesday after the bank reported better-than-expected fourth-quarter results. The bank reported $4.11 billion in profit on $13.87 billion in revenue,

Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.