AOL.com Video - Profit Jumps, Pay Cuts at JPM, Goldman

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Profit Jumps, Pay Cuts at JPM, Goldman

Description:Banks are cashing in again- but trimming down the fat paychecks. Goldman Sachs out with a blowout quarter- beating estimates on both the top and the bottom line. Fred Cannon, Director of Research at Keefe Bruyette and Woods: "Goldman Sachs demonstrated that they could earn a lot more than expected in the 4th quarter and especially we saw very good capital markets activity, especially on the debt side." (2:06)

Source: Reuters

Tags: reuters , Dan Werner , Fred Cannon , goldman sachs