Goldman Sachs Equities Revenue Rises 72%, Fixed Income Flat
Goldman said equities revenue rose 72% year over year, making it the business’s second-best quarter ever. Fixed-income revenue was flat.
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12:25:30 PM UTC
SquawkNews
Goldman Sachs reports a 3Q profit of $5.12 billion, or $17.01 a share, up from $3.86 billion, or $12.25 a share, a year earlier. Total net revenues climb 23% to $18.68 billion. Analysts polled by FactSet expected a profit of $12.86 a share on revenue of $16.83 billion. The bank attributes the jump…
Goldman Sachs reported that equities revenue increased 72% year over year, while revenue in its fixed-income business was unchanged. The bank said the quarter ranked as its second-best ever for equities, citing higher revenue from prime financing, portfolio financing and derivatives.