Goldman Sachs reported sharply higher third-quarter earnings, a sign that lower interest rates, a stable economy and the bank’s work refocusing on Wall Street are paying off. Profit at Goldman rose 45% to $2.

(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.