Goldman Sachs reports record Q4 trading but faces $2.26B Apple Card loss

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Goldman Sachs reported Q4 net revenue of $13.45 billion, missing consensus; record trading revenue and $14.01 EPS beat estimates despite a $2.26 billion loss on Apple Card. CEO David Solomon formed a team to analyze CFTC-regulated prediction markets; BofA Securities lifted its price target to $1,100, forecasting 15% banking growth in 2026.

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