One of the largest US banks, Goldman Sachs Group Inc., increased its profit in 2018 2.4 times. Net income during the earnings period exceeded $10 billion. Profit from shareholders increased 2.7 times last year to $9.86 billion. Net diluted earnings were $25.27 per share versus $9.01 last year. Goldman Sachs revenue and bank operating expenses rose 12%. The net profit of the organization in the 4th quarter of 2018 exceeded $2.5 billion. A year earlier, the bank recorded a loss of $1.928 billion. Diluted earnings per share totaled $6.04; last year, quarterly results showed a loss of $5.51. Revenue for the quarter decreased by 1% to $8.08 billion, although experts predicted a figure of $7.5 billion. New CEO, David Solomon, assessed financial results as good, despite difficulties in the brokerage business in 2018.
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