Goldman Sachs tops revenue estimates on better-than-expected asset management results
Publishing timestamp: 2024-01-16 10:24:03
Summary
Goldman Sachs reported fourth-quarter results that exceeded analysts' expectations, driven by better-than-expected asset and wealth management revenue. The company's CEO expressed optimism for improvement in mergers and capital markets activity in the second half of the year. However, Goldman's core activities of investment banking and trading did not rebound strongly in the fourth quarter, and the bank's return on tangible equity fell short of its target.
Sentiment: MIXED
Tickers: WFC, C, MS, BAC, GS, JPM,
Keywords: morgan stanley, breaking news: earnings, business news, breaking news: markets, goldman sachs group inc, wells fargo & co, citigroup inc, breaking news: investing, jpmorgan drn, bank of america corp, investment strategy, david solomon, earnings, banks, wall street, business,
Source: https://www.cnbc.com/2024/01/16/goldman-sachs-gs-earnings-4q-2023.html