(MENAFN) Goldman Sachs Group posted fourfold increase in quarterly profit, benefiting from a surge in trading following Trump's winning the U.S. presidential election.
Furthermore, the bank, which relies more on revenue from trading stocks and bonds that other Wall Street firms, posted a 25pct jump in trading in Q4.
In addition, the bank also recorded revenue from trading fixed income, currency and commodities soared 78 percent to over USD2bn.
Meanwhile, whole net revenue jumped 12.3 percent to USD8.2bn, above the average estimate of USD7.7bn.
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