Goldman Sachs Profit Rises on Jump in Dealmaking and Lending

Goldman Sachs headquarters in New York. - Timothy Mulcare for WSJ Goldman Sachs reported a stronger-than-expected profit in the fourth quarter and record annual revenue in the bank’s investment banking and markets division last year as companies struck more deals and borrowed at a record clip. The Wall Street giant’s profit increased 12% to $4.62 billion in the quarter. That amounted to $14.01 a share. Most Read from The Wall Street Journal Revenue fell 3% to $13.45 billion, in part because of a one- ...