Goldman Sachs Group Inc. said Thursday it earned $4.79 billion in the fourth quarter as the bank's trading business again outdistanced the rest of the financial industry
The company rewarded its employes with $16.2 billion in salaries and bonuses for 2009, up 47 percent from the previous year but still lower than many had expected.
Goldman said Wednesday it earned $8.20 a share in the last three months of the year as fixed income, commodities and currency trading buoyed its profits for the third straight quarter. Analysts surveyed by Thomson Reuters predicted Goldman would earn $5.20 a share.
The bank's stock rose $1.56, or almost 1 percent, to $169.35 in pre-opening trading.
Source: AP News
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