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Goldman Profit More Than Doubles, Powered by Trading -- 3rd Update

By Peter Rudegeair
For many Americans, 2020 was a year to forget. For Goldman Sachs Group Inc., it was one for the record books.
Fueled by the markets quick recovery from the worst of the pandemic-induced recession, Goldman generated $44.56 billion in annual revenue, the most since 2009, harking back to the last time the bank successfully navigated a crisis and its aftermath. Trading revenue for 2020 reached a 10-year high.
The $4.51 billion in fourth-quarter profit that the Wall Street firm reported on Tuesday, or $12.08 per share, was more than double Goldman s profit from the same quarter a year ago. Both quarterly net income and quarterly revenue of $11.74 billion were much better than the expectations of analysts polled by FactSet, who forecast profit of $7.39 a share on revenue of $9.99 billion. ....

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Goldman Sachs profit more than doubles on underwriting, trading boost

Goldman Sachs Group Inc posted a blockbuster fourth-quarter profit that dwarfed Wall Street estimates on Tuesday, but executives warned that capital markets activity fueling results lately will probably slow down and that the bank's consumer business will take longer to. ....

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The Queen auctions her 'socks' in 'bizarre' money making scheme for royal coffers: report

The Queen auctions her ‘socks’ in ‘bizarre’ money making scheme for royal coffers: report
Entertainment
Tue, Jan 19, 2021
Queen Elizabeth is reportedly desperate to overcome her cash flow crisis and in an effect to overcome it all, she has resorted to more ‘bizarre’ means of making money.
According to the
Daily Mirror’s royal editor Russell Myers, the Covid-19 pandemic has done more damage to the royal coffers than the public is aware.
During her interview with
ITV s Lorraine Kelly, she admitted, This is absolutely bizarre this story. If you wanted a pair of the Queen s socks, you don t necessarily have to break into Buckingham Palace or Windsor Castle right now. ....

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Goldman Sachs Group Inc. Reveals Gain In Q4 Bottom Line

NEW YORK CITY (dpa-AFX) - Goldman Sachs Group Inc. (GS) reported a profit for its fourth quarter that increased from last year.The company's bottom line totaled $4.36 billion, or $12.08 per share. ....

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Goldman Sachs Q4 Profit More Than Doubles; Results Top Estimates

NEW YORK CITY (dpa-AFX) - Goldman Sachs Group Inc. (GS) on Tuesday reported a fourth-quarter profit that more than doubled from last year, reflecting a surge in investment banking revenues and ....

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