Goldman Sachs Q4 earnings crush expectations; shares jump

Investing.com - banking giant Goldman Sachs reported stronger-than-expected fourth-quarter earnings and revenue on Wednesday.

Earlier in the day, in its fourth quarter earnings report, Goldman Sachs said earnings per share came in at USD5.60 compared to expectations for USD3.66 per share.

The investment bank's fourth quarter revenue rose 53% from a year earlier to USD9.24 billion, blowing past expectations for revenue of USD7.83 billion.

Following the release of the report, shares in GS rallied 2.3% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a loss of 0.35%, S&P 500 futures pointed to a decline of 0.2% and Nasdaq 100 futures indicated a flat open.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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