Goldman Profit Almost Triples

Most of the profit came on its own holdings

By Newser Editors and Wire Services

Posted Jan 16, 2013 9:27 AM CST

(Newser) – Goldman Sachs' earnings almost tripled in the fourth quarter, handily beating analysts' estimates, as investment banking revenues surged. The Wall Street titan earned $2.83 billion after paying preferred dividends, compared with $978 million a year earlier. The bank's debt underwriting business profited from...   Read full story »


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