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Goldman Sachs' profit rose to $4.11 billion for the fourth quarter ended December 31, compared with $2.01 billion a year ago

Goldman Sachs' quarterly profit surges

Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.

Business • 15 Jan

Goldman Sachs said its profit rose to $4.13 billion for the three months ended March 31, compared with $3.23 billion a year ago

Goldman Sachs' quarterly profit jumps 28%

Goldman Sachs' profit rose 28% in the first quarter, buoyed by a recovery in debt underwriting and dealmaking that boosted its investment banking unit, it reported today.

Business • 15 Apr 24

Goldman Sachs said its net revenue in the quarter fell 5% at $12.22 billion

Goldman Sachs Q1 profits falls as dealmaking slows

Goldman Sachs Group's first-quarter profit dropped as the worst three months for dealmaking in more than a decade eroded the Wall Street giant's fees from investment banking, while its consumer unit continued to weigh on the results.

Business • 18 Apr 23

The bank's compensation committee cited the "challenging operating environment" as a factor in deciding David Solomon's pay

Goldman Sachs cuts CEO's pay to $25m

Goldman Sachs Group slashed compensation for its Chief Executive Officer David Solomon by 29% to $25 million for 2022, the bank said in a filing Friday.

Business • 27 Jan 23

JPMorgan Chase & Co chief executive Jamie Dimon

US banks warn of recession as inflation hurts consumers

The biggest US banks are bracing for a worsening economy next year as inflation threatens consumer demand, according to executives.

Business • 07 Dec 22

Goldman Sachs plans to reorganise its business into three units

Goldman Sachs reports smaller-than-expected profit drop

Goldman Sachs Group today unveiled a plan to reorganise its business into three units in another overhaul in less than three years by the Wall Street giant.

Business • 18 Oct 22

Goldman Sachs' total net revenue fell to $12.93 billion in the quarter, down nearly 27% from last year

Goldman Sachs quarterly profits beat expectations

Goldman Sachs Group has today reported a 43% drop in profit but beat Wall Street expectations, as strong performances in its wealth management and trading businesses partly offset a slump in equity underwriting as stock market listings dried up.

Business • 14 Apr 22

The deal for NNIP is the biggest acquisition by Goldman Sachs since David Solomon became CEO in 2018

Goldman Sachs to buy Dutch asset manager NNIP

Dutch insurer NN Group said today that Goldman Sachs will buy NNIP, its asset management arm, for €1.7 billion in the biggest acquisition by the US bank firm since David Solomon became chief executive in 2018.

Business • 19 Aug 21

Goldman Sachs says that junior bankers should not be expected in the office from 9pm on Friday until 9am on Sunday

Goldman Sachs junior staff praised for raising abuses

The boss of Goldman Sachs has praised a small group of junior bankers for speaking out over excessive working hours and workplace abuse.

Business • 23 Mar 21

Goldman Sach's office in London, where its staff can get tested for Covid-19 in booths scattered around the building

Goldman Sachs set to start return-to-office push

Goldman Sachs Group's chief executive told the bank's thousands of employees who have been mostly working from home since the start of the pandemic that he hopes to have them working in offices again by this summer.

Business • 12 Mar 21

The 1MDB corruption scandal proved a humbling and costly saga for the Wall Street giant

Goldman to pay $2.9 billion over role in 1MDB scandal

Goldman Sachs said it had agreed to pay $2.9 billion over its role in Malaysia's 1MDB corruption scandal, lifting a cloud that has hung over the bank for years.

Business • 23 Oct 20

Goldman Sachs has set aside significantly higher provisions related to corporate loans due to the impact of Covid-19

Goldman Sachs profit halves on higher loan provisions

Goldman Sachs Group has today reported a 49% drop in quarterly profit, as it set aside significantly higher provisions related to corporate loans due to the impact of Covid-19.

Business • 15 Apr 20

Goldman Sachs was hurt by weakness in its investment banking business and higher operating costs in the fourth quarter

Goldman Sachs profit misses estimates on higher costs

Goldman Sachs Group has today reported quarterly profit that missed analysts' estimates by a wide margin, hurt by weakness in its investment banking business and higher operating costs.

Business • 15 Jan 20

Goldman CEO David Solomon said the bank was not sending any senior executives to the Saudi event, dubbed 'Davos of the Desert'

Goldman Sachs latest to snub Saudi conference

Goldman Sachs has joined the growing list of high-profile businesse snubbing a Saudi investment conference next week amid mounting pressure on Riyad over the disappearance of journalist Jamal Khashoggi.

Business • 19 Oct 18

Goldman Sachs has named David Solomon as its new CEO

Goldman Sachs results beat expectations, names new CEO

Goldman Sachs Group today reported a 44% rise in second-quarter profit, driven by strength in its investment banking and fixed income trading businesses.

Business • 17 Jul 18