Big bank profits surged in the fourth quarter and Wall Street roared back to life, with net income rising 50% at JPMorgan Chase and more than doubling at Goldman Sachs.

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 ( NYSE: GS) stock rose 2.2% in Wednesday premarket trading after the Wall Street stalwart posted strong Q4 and full-year earnings, bolstered by solid net interest income, rebounding investment banking fees, and robust growth in its asset and wealth management businesses.

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

Goldman Sachs earned its biggest quarterly profit in more than three years, beating Wall Street expectations, as its investment bankers brought in more fees from deals and debt sales, while its traders benefited from a surge in market activity.

Goldman Sachs (GS) shares gained in premarket trading Wednesday after the bank reported better-than-expected fourth-quarter results. The bank reported $4.11 billion in profit on $13.87 billion in revenue,

Goldman Sachs (GS) shares were trading in the green in Tuesday’s pre-market session ahead of its fourth-quarter (Q4) earnings scheduled before the bell on Wednesday. According to FinChat, the bank is expected to report earnings per share (EPS) of $8.