GOLDMAN SACHS 40 PROFITS JUMP 51%, BUT FULL YEAR REFLECTS DIFFICULT QUARTER FOR THE BANK
Techlife News|January 20, 2024
Goldman Sachs’ profits jumped 51% from a year earlier, the investment banks said this week, helped by the strong returns in the overall market in the last three months of the year.
GOLDMAN SACHS 40 PROFITS JUMP 51%, BUT FULL YEAR REFLECTS DIFFICULT QUARTER FOR THE BANK

However the storied investment bank closed out a difficult 2023 with its profits down nearly a third from 2022, as the bank wrote off its consumer banking franchise and laid off employees in what the bank has called a turnaround year.

Goldman posted a profit of $2 billion in the last three months of the year, up from $1.33 billion in the same period a year earlier. On a per-share basis, Goldman earned $5.48 per share, beating analysts’ expectations.

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