Goldman Sachs' Revenue Soars 23% -- Here's Why
Banks continue to release earnings, and we just got a look at Goldman Sachs' (NYSE: GS) latest results. The short version is that although Goldman took a massive $1.1 billion legal charge in the fourth quarter, the numbers look very strong all around. Goldman Sachs' trading revenue rebounded sharply, asset management generated more than expected, and the consumer banking business continues to grow rapidly despite lower interest rates putting pressure on margins.
Here's a rundown of some of the key points investors need to know and where Goldman Sachs could be heading from here.
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Source Fool.com
