Goldman Sachs’ profit has more than doubled to its highest level in over three years, driven by a surge in investment banking and trading fees. According to the latest quarterly results, investment-banking fees rose by 24% in Q4 2024, largely due to debt underwriting.
The bank’s shares have also seen significant gains, rising 48.4% in 2024 and leading major US banks. This success comes as investors seek out growth opportunities in a market with increasing deal-making activity.
A strong quarter for Goldman Sachs is a welcome boost to the financial sector, which has been looking for signs of recovery after a challenging year. As deal-making continues to drive profits, investors will be watching closely to see how this trend develops in the coming months.
Source: https://www.reuters.com/business/finance/goldman-sachs-profit-surges-investment-banking-trading-fuel-bumper-quarter-2025-01-15