Goldman Sachs (GS) seems to be finally out of the woods. After several lackluster quarterly reports, the Wall Street investment behemoth managed to greet investors with healthy financial numbers. Revenue was reported at $11.32 billion (up 6.9% YoY), representing an increase of $360 million. Net revenue for the period advanced to $11.32 billion, posting an increase of 7% from the same quarter of 2022, but still a decrease of 4% from Q3 2023. The increase compared to Q4 2022 reflected higher net revenue in Asset & Wealth Management and Platform Solutions, partially offset by lower net profit in Global Banking and Markets.

The ever-important for the banking industry provisions for credit losses was $577 million in Q4 2023, compared to $972 million in Q4 2022 and $7 million in Q3 2023. During its scheduled conference call, the company said it will focus on global banking and markets and asset and wealth management, as well as the diversification and strengthening of revenue streams going forward.

Meanwhile, analysts look mostly optimistic about the company's growth plans, predicting earnings per share growth of 52% this year and a continued recovery similar to that seen after 2015.