NEW YORK (AP) — Goldman Sachs' earnings almost tripled in the fourth quarter as investment banking revenues surged.
The bank earned $2.83 billion after paying preferred dividends, compared with $978 million a year earlier, the company said in a press release Wednesday.
The investment bank earned $5.60 on a per-share basis, compared with the average analysts forecast of $3.71, according to data provider FactSet.
Revenue rose to $9.24 billion, 53 percent higher than in the same period a year ago, beating analysts' estimates of $7.97 billion.
Goldman's stock gained $2.52, or 2 percent, to $138.11 in pre-market trading.