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Goldman Sachs tops profit estimates as equities, asset and wealth management outperform
Goldman Sachs posted record asset management fees and a 12% rise in investment banking revenue, boosted by trading gains and a $0.46 per share Apple Card exit benefit.
- On Thursday, Goldman Sachs reported fourth-quarter profit rose to $4.38 billion, or $14.01 per share before the opening bell.
- Following the Apple Card deal, Goldman Sachs' equity traders capitalised on volatility, supporting record $4.6 billion in equity revenue and a 12.5% rise in FICC trading revenue, last week.
- Wealth management delivered its highest-ever quarterly management fees at $3.09 billion as assets under supervision grew to $3.61 trillion, the bank said.
- Market response included, as shareholders will see a dividend increase to $4.50, with Morningstar estimating a $145 million gain from the Apple Card transaction, and shares up more than 50% in 2025.
- With the IPO market rebound in recent months, dealmakers expect the mergers rally to continue as AI-driven tech deals fuel listings expected in 2026.
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19 Articles
Coverage Details
Total News Sources19
Leaning Left1Leaning Right1Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
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