Goldman Sachs Profits Skyrocket After Post-Election Trading Surge

Goldman Sachs Group Inc reported a nearly fourfold rise in quarterly profit on Wednesday as it benefited, like other big banks, from a surge in trading following Donald Trump’s surprise win in November’s presidential election.

Goldman’s net income attributable to common shareholders soared to $2.15 billion in the fourth quarter ended Dec. 31 from $574 million a year earlier, when the Wall Street bank was hit with a $5 billion legal settlement.

Earnings per share jumped to $5.08 from...

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