Goldman Sachs.

Quarterly profit more than doubled to $4.4 billion crushing analysts estimates.

Goldman did so well it completely absorbed the $3 billion hit to its annual profits stemming from the settlement with regulators over its role in Malaysia's IMDb corruption scandal, in which U.

S authorities say about $4.5 billion was siphoned from a Malaysian sovereign wealth fund founded in 2009 by then Malaysian Prime Minister Najib Razak.

In its latest quarter, Goldman got a boost from the fees it earned for underwriting high profile I pose like Airbnb and Door Dash that lifted its investment banking revenue 27%.

Like other Wall Street banks, it's trading.

Revenue also soared as financial market volumes remained high Strengthen The trading business also bolstered Bank of America Ah 7% revenue increase at its sales and trading unit offset a drop in revenue in consumer banking that was partly caused by lower interest rates.

Bank of America's profit dropped, but it was bigger than what analysts had forecast.

The second largest U.

S bank is seen as an economic bellwether.

In a sign of confidence in the economic recovery, the bank released $828 million from its credit reserves.

Its board also approved a $3.2 billion a share buyback program.

Shares of B of and Goldman fell in early trading Tuesday.