On January 15, Goldman Sachs reported its highest profit since the third quarter of 2021, surpassing Wall Street's expectations. The surge was attributed to bankers bringing in increased fees from dealmaking, debt sales, and trading. The investment bank earned $11.95 per share in the fourth quarter, exceeding the estimated $8.22. CEO David Solomon expressed satisfaction with the strong quarterly and yearly results, highlighting exceeding most targets set five years ago. Goldman's investment banking fees rose by 24% to $2.05 billion, powered by debt underwriting gains. Overall, investment banking revenue globally increased by 26% to $86.8 billion in 2024. The company underwent several leadership changes and restructured to focus on large deals and corporate loans while phasing out certain consumer operations due to losses. The stock market rally in the U.S., combined with optimistic economic policies, contributed to a significant revenue surge, with a 48.4% increase in Goldman's shares in 2024. Goldmans's profit soared to $40.54 per share compared to $22.87 the previous year, with a total revenue rise of 16% to $53.51 billion.