1/19, 1:31 PM (Source: TeleTrader)
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Goldman Sachs EPS surge 157% to $12.08 in Q4

The Goldman Sachs Group, Inc. announced on Tuesday that the company's earnings per share in the fourth quarter soared 157% to $12.08 compared to the same period a year earlier.

Aside from its EPS that beat analyst projections, Goldman Sachs also topped revenue estimates, reporting net revenue of $11.74 billion for the quarter. Meanwhile, full-year revenues landed at $44.56 billion. According to the update, return on average common shareholders’ equity (ROE) was 11.1% for 2020, while annualized ROE was 21.1% in the fourth quarter.

Shares of Goldman Sachs jumped 1.92% to $306.79 per share following the release of the company's earnings in premarket trading.

Breaking the News / JC