Goldman Sachs shares gained in premarket trading Wednesday after the bank reported better-than-expected fourth-quarter results.

Goldman’s asset and wealth management division posted an 8% revenue increase to $4.72 billion, while its global banking and markets division saw a 33% jump to $8.48 billion in Q4.

Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.

Goldman Sachs said its profit more than doubled in the fourth quarter, boosted by companies’ growing appetite for dealmaking. Profit jumped 105% to $4.11 billion. That amounted to $11.95 per share, which was far better than the $8.

Profit rose to $4.11 billion, or $11.95 per diluted share, for the three months ended Dec. 31, compared with $2.01 billion, or $5.48 per diluted share, a year ago