Goldman Sachs on Thursday topped expectations for fourth quarter profit as equities trading and asset and wealth management produced nearly $900 million more in revenue than expected.

Here’s what the company reported:

• Earnings: $14.01 a share, may not compare with $11.67 LSEG estimate
• Revenue: $13.45 billion, may not compare with $13.79 billion estimate

The company said profit jumped 12% from a year earlier to $4.62 billion, or $14.01 per share, on gains across its capital markets businesses. That EPS handily topped analyst expectations, even if excluding the 46 cent per share gain from Goldman’s sale of its Apple Card business.

Goldman Sachs is set up to be a beneficiary of several trends in the fourth quarter. Trading desks across Wall Street have benefited in the last year as President Donald Trump’s policies have roiled markets for bonds, currencies, commodities and stocks.

For instance, rival JPMorgan Chase topped expectations for fourth-quarter results on equities and fixed income trading revenue that exceeded the StreetAccount estimate by a combined $460 million.

Global investment banking revenue in the quarter was 12% higher than a year ago, according to Dealogic, which should provide a boost to Goldman’s advisory business.  

The firm’s asset and wealth management division should also see gains as stock market levels remained buoyant in the quarter.

Finally, the bank said last week that its deal to offload its Apple Card business to JPMorgan would result in a 46-cents-per-share boost to quarterly results.

This story is developing. Please check back for updates.