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International Business Times
International Business Times
Business
AFP News

Goldman Sachs Q4 Profits Jump 58% To $1.9 Bn On Strong Equity Trading

Goldman Sachs CEO David Solomon described 2023 as a 'year of execution' for the investment bank (Credit: AFP)

Goldman Sachs reported a jump in fourth-quarter profits Tuesday as a surge in revenues for equity trading offset weaknesses in other areas, including merger advising revenues.

The New York investment bank reported profits of $1.9 billion, up 58 percent from the year-ago period. Revenues rose seven percent to $11.3 billion.

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