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.

By Saeed Azhar, Manya Saini and Noor Zainab Hussain NEW YORK (Reuters) -Goldman Sachs beat Wall Street estimates and earned its biggest quarterly profit in more than three years as its investment bankers brought in more deal fees,

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,

Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.

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.