Goldman Sachs Group Inc dwarfed Wall Street estimates as its fourth-quarter profit more than doubled, powered by another blowout performance at its trading business and a surge in fees from underwriting a string of blockbuster IPOs.
Revenue from global markets, which houses the bank's flagship trading business, registered its best annual performance in a decade. Sales at the unit surged 23% to $4.
27 billion in the quarter, raking in $21.2 billion in the full year.
Investment banking revenue jumped 27% to $2.61 billion during the.....