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Goldman Sachs crushes analysts’ estimates on stronger-than-expected stock trading, investment banking

January 19, 2021


Goldman Sachs on Tuesday beat analysts’ expectations for fourth-quarter profit and revenue on strong performance from the firm’s equities traders and investment bankers.

The bank posted earnings of $12.08 a share, crushing the $7.47 estimate of analysts surveyed by Refinitiv. Revenue of $11.74 billion exceeded expectations by about $1.75 billion.

Shares of the New York-based bank slipped less than 1% after jumping 2% in premarket trading.

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