Goldman Sachs is Real Money's stock of the day.
TheStreet's Bradley Keoun reported on the earnings, which were released Wednesday.
Net income was $2.54 billion versus a year-earlier loss of $1.93 billion, the New York-based bank said Wednesday in a press release. Earnings per share were $6.04, beating the average analyst estimate of $4.30 in a FactSet survey.
Goldman Sachs (GS) has recovered from an abysmal trading performance in 2017 that led some analysts to call for the replacement of Blankfein, reported Keoun.
For the full year, Goldman Sachs' profit more than doubled to $10.5 billion.
Jim Cramer broke down why analyst expectations fell below what Goldman Sachs reported and David Solomon's first earnings call since taking the helm of CEO.
You can find more coverage on Goldman Sachs from Real Money below:
- Jim Cramer: This Rally Needs Some Earnings Beats to Back It Up
- Goldman Sachs' Technical Prospects Have Brightened
- Goldman Sachs Stock Soars on Earnings Despite Sustained Shroud of Scandal
- Kass: Bank Stocks Are a Must Own for Years, Not Just Weeks or Months
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