GOLDMAN SACHS BEAT PROFIT ESTIMATES AS EQUITY TRADERS RIDE MARKET REBOUND

Goldman Sachs' (GS.N), opens new tab fourth quarter profit beat estimates on Tuesday as its equity traders capitalized on a market recovery and revenue from asset and wealth management rose, offsetting weaker investment banking. Goldman's equity trading revenue jumped 26% in the quarter. Stock markets have rallied as economists and investors grow more confident the U.S. will avoid a recession. Market participants are also debating when the Federal Reserve will cut interest rates, which could act as another catalyst for activity.

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