Goldman Sachs profit more than doubles on underwriting, trading boost

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.....

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