The Wall Street CEO discussed growing confidence among business leaders after his bank’s strong fourth-quarter report.
Goldman Sachs Group outperformed expectations in its fourth-quarter and full-year earnings with a robust financial showing across all segments.
Goldman Sachs drove $14.28 billion of profit in 2024, up 68% from the year earlier, reflecting gains in investment banking and trading. Fourth-quarter per-share earnings of $11.95 handily topped analysts’ estimates of $8.
Goldman Sachs Group Inc.'s Chief Executive David Solomon said he's "pleased" with the bank's "strong" results after the investment bank handily topped Wall Street estimates for its fourth-quarter profit.
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Banks such as JPMorgan, Citi, and Goldman Sachs started the earnings season off on a positive note when all beat expectations on the top and bottom lines.
Goldman Sachs analyst Noah Poponak positive on GE Aerospace's Q4 earnings, expects growth in FY25. Stock rated Buy with price target of $204.
"There has been a meaningful shift in CEO confidence, particularly following the results of the U.S. election," Goldman Sachs CEO David Solomon said, according to a transcript from FactSet.
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
Goldman beat EPS expectations by a wide margin, with Q4 results 45.6% above the FactSet consensus. That was the biggest EPS beat since the Q4 of last year, when EPS of $5.48 was 51.4% above the FactSet consensus of $3.
Shares of INVESCO Ltd. advanced 8.96% to $19.34 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.92% to 6,067.70 and the Dow Jones Industrial Average rising 0.
As we know, nearly all sectors in the S&P 500 index saw gains in 2024, a year dominated by AI enthusiasm and a strong US economy.