Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.

Goldman Sachs reported a more than doubled profit in Q4, driven by increased fees from dealmaking and trading. The bank's global banking revenue surged, with strong performances in equity and debt markets.

Goldman Sachs said its profit more than doubled in the fourth quarter, boosted by companies’ growing appetite for dealmaking. Profit jumped 105% to $4.11 billion. That amounted to $11.95 per share, which was far better than the $8.

Goldman Sachs recorded its highest profit since late 2021, driven by increased fees from dealmaking, debt sales, and strong trading. Its shares rose 3%. The bank anticipates more deal activity as interest rates fall,