Goldman Expected To End Cracking Year Well

Goldman Sachs reports its final quarter's earnings Thursday and the smart money is on the firm putting in another strong performance to cap off a record year.

The Wall Street firm is thought likely to pull in profits of $1.18bn for the final period - and that will take annual net revenues up to a record $4.5bn. Staff will be expecting to be well rewarded this bonus round.

A better performance from equities, together with strong earnings from fixed income, M&A and commodities trading is thought likely to push Q4 profits up around 22% on the same period 12 months ago.

This year has been an excellent one for Goldman. Profitable and relatively scandal-free. Although the firm still faces the challenge to its traditional franchise of the so-called 'Universal' banks (like Bank of America, Citigroup and JP Morgan), Goldman seems to be doing just fine sticking to what it's good at. Only a fool would presume that Goldman won't still be around doing the business for many more years to come.

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