NEW YORK: Goldman Sachs said Tuesday the firm’s fourth-quarter profits more than doubled on a strong performance across operations and lower costs.

Goldman profits soared to $4.4 billion in the final quarter of the year, a 153 percent increase compared with the year-ago level, again underscoring the investment bank’s might at a time when other sectors have been devastated by the coronavirus pandemic.

Revenues rose 18 percent to $11.7 billion.