Goldman Sachs, Like Rivals, Buoyed by Surge in Trading Revenue

Goldman Sachs (GS) - Get Report reported fourth-quarter earnings that topped Wall Street's estimates, thanks in part to a 25% increase in trading revenue. This was a theme seen in the businesses of rivals Bank of America (BAC) - Get Report , JPMorgan Chase (JPM) - Get Report and Citigroup (C) - Get Report .

Investment banking revenue slipped some 4% year over year to $1.49 billion, but Real Money contributor Steve Blitz expects that segment to rebound as the M&A market improves once the uncertainty surrounding the incoming presidential administration fades.