Goldman Sachs stock up after Q4 profit rises and beats analyst estimate

Goldman Sachs Group Inc.’s stock GS, -0.53% was up by 1.6% in premarket trading on Tuesday after the investment bank’s fourth-quarter profit beat analysts’ reduced expectations. Goldman Sachs said its net income for the three months ended Dec. 31 rose to $1.87 billion, or $5.48 a share, from $1.19 billion, or $3.32 a share, in the year-ago quarter. Wall Street analysts estimated the marquee investment bank would earn $3.62 a share in the fourth quarter, which was trimmed from $6.67 a share at the start of ...