Investment bank Goldman Sachs has seen fourth quarter profits rise by 2%, helped by gains in its investment banking and financial advisory arms.
Goldman was able to avoid the worst of the sub-prime collapse
Goldman also bet correctly the value of mortgage bonds would go down, helping it avoid the fallout from the collapse in the US sub-prime mortgage market.
Net profit for the three months to December rose to $3.22bn (£1.59bn) from $3.15bn a year before.
Goldman said it was now eyeing growth opportunities in "the global economy".
But Goldman's shares closed down 3.4% at $201.51 on concerns about whether the firm could sustain the same level of profit growth going forward.
The bank's revenues for the quarter rose to $10.74bn from $9.41bn.
"It was a very solid quarter across the board," said David Honold, who invests in financial stocks at Turner Investment Partners.
The sub-prime crisis is leading to a wave of repossessions across the US, which is having a devastating effect on the country's housing market.
The value of sub-prime mortgage-backed bonds has plummeted since the beginning of the year.
Citigroup, UBS, and other big banks have all revealed heavy losses connected to the sub-prime loan markets.
Goldman's results follow those last week of Lehman Brothers Holdings, which reported a 12% fall in earnings, hurt by $3.5bn in writedowns.