Goldman Sachs (NYSE:GS) announced today its fourth-quarter revenue, exceeding the expectations of analysts. This was partly due to the strong performance in equity sales and trading, which helped balance the softer results in the firm’s main investment banking sector.

The net revenue experienced a 7% year-over-year rise in the quarter ending December 31, totaling $11.32 billion. This surpassed the consensus estimate of $10.84 billion. The increase in revenue also led to a rise in diluted earnings per share, which escalated to $5.48, up from $3.32 in the final quarter of the preceding year.

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