Goldman Sachs’ revenues leapt 51% from a year earlier, the financialinvestment bank stated Tuesday, assisted by the strong returns in the general market in the last 3 months of the year
ByKEN SWEET AP company author
January 16, 2024, 8: 25 AM
FILE – Lights are on at the world headoffice of Goldman Sachs in New York on Jan. 24,2023 Goldman Sachs’ earnings leapt 51% from a year earlier, the financialinvestment banks stated Tuesday, assisted by the strong returns in the total market in the last 3 months of the year. However the storied financialinvestment bank closed out a challenging 2023 with its revenues down almost a 3rd from 2022, as the bank composed off its customer banking franchise and laid off staffmembers in what the bank hasactually called a turn-around year. (AP Photo/Peter Morgan)
The Associated Press
NEW YORK — Goldman Sachs’ revenues leapt 51% from a year earlier, the financialinvestment bank stated Tuesday, assisted by the strong returns in the general market and its wealth management department in the last 3 months of the year.
However the storied financialinvestment bank closed out a hard 2023 with its revenues down almost a 3rd from 2022, as the bank composed off its customer banking franchise and laid off staffmembers in what the bank hasactually called a turn-around year.
Goldman published a earnings of $2 billion in the last 3 months of the year, up from $1.33 billion in the verysame duration a year earlier. On a per-share basis, Goldman made $5.48 per share, pounding experts’ expectations.
The New York bank saw modest enhancements in its trading and financialinvestment management departments, however saw decreases in its crucial financialinvestment banking and recommending profits. A number of business held off doin