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Goldman Sachs smashes expectations, shares up pre-market

  • Regular
  • US Market
  • 4 weeks ago
  • 30

Goldman Sachs has beaten expectations as revenue and profits have risen, regardless of the rather difficult 2018 the bank has had.

Especially when taking in consideration the allegations it has had to face linking the firm to the 1MBD scandal in Malaysia.

Goldman’s shares have rallied by 3.4% pre-market due to the figures and is likely to give the DJIA a 40-point lead.

The bank's fourth-quarter earnings per share of $6.04 surpassed the estimated figure of $4.30 while revenue figures were forecasted to be $7.55 billion, instead Goldman posted $8.98 billion.

 

Source: Smart Trend Team