BUZZ-Goldman Sachs shares rise as investment banking, trading boost profit
** Shares of Goldman Sachs GS.N rise 1.6% to $580.67 premarket
** GS profit more than doubles in Q4, driven by fees from dealmaking, debt sales and strength in trading
** Q4 marks bank's highest quarterly profit since the third quarter of 2021 - data compiled by LSEG
** Investment banking fees up 24% at $2.05 billion
** Banking industry analysts are expecting a rise in dealmaking this year on the back of further rate cuts by the Federal Reserve and pro-business comments from President-elect Donald Trump
** Wall Street giant's profit rises to $4.11 billion, or $11.95 per diluted share, for the three months ended Dec. 31, compared with $2.01 billion, or $5.48 per share, a year ago.
** GS shares jumped 48.4% in 2024, outperforming the 34.2% rise in S&P 500 Banks index .SPXBK
(Reporting by Jaiveer Singh Shekhawat and Lisa Mattackal in Bengaluru)
((JaiveerSingh.Shekhawat@thomsonreuters.com;))
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