Goldman's stock set to deliver a more than 40-point jolt to Dow after quarterly results top estimates

The Dow Jones Industrial Average was set to see a boost from component Goldman Sachs , which delivered quarterly results that were better than expected in both profit and revenue during what has shaped up to be a challenging period for investment banks. Goldman's shares were up about 3.4% in premarket action, with that gain likely to see it climb to $186 from a close of $179.91 on Tuesday, which translates to a roughly $6.10 gain, if that holds in regular trading. That equates to about a 40-point boost for the price-weighted Dow, which sees a 6.8-point swing with any $1 move in any one of its 30 components. Goldman reported fourth-quarter earnings per share, or EPS, of $6.04, compared against estimates of $4.30 from FactSet data. Revenue for the investment bank was $8.08 billion, versus expectations for $7.55 billion. A number of banks have already reported and disappointed, with volatile trade that dragged the Dow, the S&P 500 index and the Nasdaq Composite Index last year to their worst annual losses since 2008, according to Dow Jones Market Data.

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