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Goldman Sachs beats profit estimates as equity traders ride market rebound
Goldman Sachs exceeded fourth-quarter profit expectations, with its equity traders taking advantage of a market rebound. Revenue from asset and wealth management also increased, compensating for a decline in investment banking. The surge in stock markets reflects growing confidence among economists and investors that the US will steer clear of a recession. Additionally, discussions among market participants revolve around predicting when the Federal Reserve might reduce interest rates, potentially serving as another stimulant for market activity.
Goldman Sachs exceeded fourth-quarter profit expectations, with its equity traders taking advantage of a market rebound. Revenue from asset and wealth management also increased, compensating for a decline in investment banking. The surge in stock markets reflects growing confidence among economists and investors that the US will steer clear of a recession. Additionally, discussions among market participants revolve around predicting when the Federal Reserve might reduce interest rates, potentially serving as another stimulant for market activity. 
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