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Originally published Wednesday, January 16, 2013 at 11:35 AM

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News Summary: Goldman Sachs earnings surge

GOOD OLD DAYS: Goldman Sachs went some way to restoring its reputation as a Wall Street powerhouse after reporting that earnings almost tripled in the fourth quarter.

The Associated Press

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GOOD OLD DAYS: Goldman Sachs went some way to restoring its reputation as a Wall Street powerhouse after reporting that earnings almost tripled in the fourth quarter.

FEWER BANKERS: While revenues surged, driven in part by a jump in bond underwriting, Goldman achieved the profit increase with fewer bankers. The investment bank's headcount was marginally lower last year than in 2011.

A LITTLE BIT MORE: Even though revenue surged, Goldman Sachs was able to keep a tight rein on compensation, its biggest single expense. That's good for shareholders.

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