Goldman Sachs reports biggest quarterly profit in three years

Investment bank beats Wall Street expectations as it reports earning $11.95 per share in fourth quarter

Goldman Sachs posted its biggest profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.

The investment bank's shares rose 2.6% before the bell on Wednesday as it earned $11.95 per share in the fourth quarter, compared with $8.22 expected by analysts, according to estimates compiled by the London Stock Exchange Group.