Goldman Sachs beats Wall Street forecasts
Goldman Sachs beats Wall Street forecasts as investment-banking fees surge 20%
It also cut its operating expenses by 8%, fueling a 45% surge in net income to $2.99 billion. Earnings per share were $8.40, exceeding Alphasense's consensus estimate of $6.71.Net revenues rose 7% year over year in the global banking and market division,
Goldman Sachs Profit Jumps 45% on Investment Banking Strength
(Reuters) - Goldman Sachs' profit jumped 45% in the third quarter as the investment bank benefited from a rebound in dealmaking. It joined JPMorgan Chase, which also gained from an investment banking revival, as corporate clients became more confident in the economic outlook, spurring debt and equity offerings.
Goldman Sachs’ Wall Street Businesses Gain Steam, Sending Profit Up 45%
The bank posted strong growth in investment banking and asset and wealth management.
Goldman's stock jumps toward another record after a big profit beat
Shares of Goldman Sachs jumped 2.2% into record territory for a third-straight day in premarket trading Tuesday, after the bank and broker reported a big third-quarter profit beat. Net income rose to $2.
Goldman Sachs Q3 Profit, Revenues Surge - Update
Goldman Sachs Group, Inc. (GS) reported Tuesday that net earnings applicable to common shareholders for the third quarter surged to
Goldman Sachs profits jump 45% to $3bn after trading boost
Goldman Sachs’ quarterly profits jumped 45 per cent to $3bn in the third quarter, boosted by its equity trading business, even as the investment bank took another hit from its retreat from retail banking. Goldman’s net income compared with $2.1bn in the third quarter of last year and outstripped analysts’ estimates of about $2.5bn.
Goldman Sachs Profit Rises 45% and Beats Expectations
Goldman Sachs reported third-quarter earnings per share of $8.40, topping analysts’ estimates of $6.89, as revenue that investment bankers drove from debt and equity underwriting activity increased significantly from a year ago.
Goldman Sachs Stock Rises as Results Surpass Estimates
Goldman Sachs (GS) reported third-quarter earnings that were better than analysts expected Tuesday morning, continuing a stretch of strong big bank earnings kicked off last week by rivals JPMorgan Chase (JPM) and Wells Fargo (WFC).
Goldman Sachs beats on profit and revenue as trading and investment banking boost results
Now that the Fed is easing rates, Goldman may benefit as corporations that have waited on the sidelines to acquire competitors or raise funds take action.
Goldman repurchased $1 billion worth of its stock
Goldman said it returned a total of $1.98 billion to shareholders during Q3. The total included $978 million paid out in ...
Goldman Sachs analyst revisits Amazon stock price target ahead of earnings
Amazon shares edged higher in early Tuesday trading after a top Wall Street analyst published a bullish note on the tech and ...
Goldman profits surge 45% as dealmaking stages comeback
Goldman Sachs third-quarter profits rose 45% from a year ago as a rise in dealmaking lifted the Wall Street giant.
These Stocks Are Moving the Most Today: Nvidia, UnitedHealth, Ericsson, Goldman Sachs, Trump Media, and More
Nvidia stock falls back from a record closing high, and UnitedHealth’s third-quarter adjusted earnings beat Wall Street ...
Goldman Sachs raises China growth outlook on optimism over Beijing's fresh push to revive struggling economy
Goldman Sachs analysts upgraded their growth forecast on China from 4.7% to 4.9% for this year, close to officials' target of ...
Barclays to Replace Goldman Sachs as Issuer of GM Credit Cards
The deal aims to expand Barclays’s consumer ambitions in the U.S. while getting Goldman closer to exiting consumer lending.
Goldman Sachs Sticks to Their Hold Rating for freenet (0MV2)
Goldman Sachs analyst Andrew Lee maintained a Hold rating on freenet (0MV2 – Research Report) today and set a price target of €30.00. The ...
Ibotta upgraded to Buy at Goldman Sachs on compelling valuation
Ibotta (NYSE:IBTA) shares were in focus on Monday after Goldman Sachs raised its recommendation on the stock to Buy from ...