Today news
About the same in other media
Goldman Sachs crushes analysts' estimates on strong investment banking and trading results
Reading now: 576
cnbc.comIn this article
Goldman Sachs posted Friday third-quarter results that exceeded analysts' expectations, as investment banking revenue surged nearly 90%, and the bank reaped record fees from equities financing.
Here are the numbers:
Profit at the bank surged 63% to $5.28 billion, or $14.93 a share, as revenue climbed 26% to $13.61 billion. Shares of the New York-based bank rose 2.4%.
Goldman — led by CEO David Solomon — has the world's premier investment banking franchise, and analysts had expected strong revenue from booming mergers and IPO activity in the quarter. That theme played out at Wall Street rivals from JPMorgan Chase to Morgan Stanley.
But Goldman exceeded expectations, producing $3.7 billion in investment banking revenue. That's
Read more on cnbc.comAbout this in other media
Meet the 35 dealmakers to make MD at Goldman Sachs in Europe fnlondon.com /2 years ago
Goldman Sachs just promoted 643 new MDs — Here are the names fnlondon.com /2 years ago
Goldman Sachs-backed digital bank Starling expects to go public within two years cnbc.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
