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Goldman Sachs' 4th-quarter earnings beat estimates as trading desks continue to impress

Goldman Sachs' 4th-quarter earnings beat estimates as trading desks continue to impress
Ben WinckJan 19, 2021, 19:53 IST
Goldman Sachs CEO David Solomon speaks at the 2019 Milken Institute Global ConferenceMichael Kovac/Getty Images
Goldman Sachs reported fourth-quarter figures on Tuesday that beat Wall Street's expectations for revenue and profit.
The bank added $293 million to its loan-loss reserves through the quarter, further bolstering its safety net at the expense of stronger profits.
Still, outperformance by various trading desks buttressed
earnings in the last three months of 2020.
Goldman gained as much as 2.3% in early-Tuesday trading.
Goldman Sachs reported earnings on Tuesday that surpassed analyst estimates for fourth-quarter earnings and revenue.

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