LONDON (ShareCast) - (Sharecast News) - Goldman Sachs blew the doors off estimates from Wall Street analysts for its fourth quarter results, propelling the shares to a fresh all-time high.
The investment bank posted an 18% jump in total net revenues to $11.74bn while net earnings were 135% higher at $4.51bn, for earnings per share of $12.08 (consensus: $6.88).

Powering the jump in the investment bank's topline was a rise in equity trading revenues from $1.71bn in the comparable year ago period to $2.39bn (consensus: $1.89bn).

Revenues from Fixed Income, Currencies and Commodities trading also grew, albeit by less than expected, from $1.77bn to $1.88bn (consensus: $2.06bn).

For 2020 as a whole, revenues surged 22% to $44.56bn for a 12% jump in net profits to $9.45bn.

As of 1320 GMT, shares of Goldman Sachs were up by 2.6% to $308.84.

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