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Goldman Sachs 3q Earnings Beat Estimates

by cnbc.com posted 1year ago 53 views
Investment banking beat expectations, fueled by initial public offerings in its equities capital markets business. : Goldman Sachs beat analysts' expectations for third-quarter profit on strength in all of its major businesses apart from trading. The bank on Tuesday reported earnings per share of $6.28, exceeding the $5.38 estimate by analysts surveyed by Refinitiv and higher than the $5.02 a year earlier. Revenue of $8.65 billion exceeded the $8.4 billion estimate on better-than-expected results in the firm's investment banking, investing and lending and investment management divisions. The company's shares rose 1.5 percent in premarket trading.