Goldman Sachs Dealmakers Drive Highest Profit in a Decade
- Equity-underwriting fees almost triple, stock trading climbs
- Shares slip as executives say trading boom may not last
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Goldman Sachs Group Inc.’s dealmakers capped their record year with a fourth-quarter revenue jump that helped the bank double its profit.
Investment-banking revenue climbed 27% from a year earlier as fees from equity underwriting nearly tripled. The firm’s stock traders delivered a 40% revenue increase, making up for fixed-income trading that fell short of analyst estimates.