Goldman Sachs profit doubles as stock traders score record haul
The fixed-income trading business posted $2.74 billion in revenue, driven by gains in currencies, mortgages and credit products. The stock-trading unit logged $3.45 billion in the quarter. That pushed the full-year haul from that group to $13.4 billion, which amounted to record net revenue, according to Goldman.
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Goldman’s profit roughly doubled in Q4 thanks in large part to surging revenues from deal-making, underwriting, and trading.
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