Bank Earnings From Goldman Sachs, Citigroup
The big banks are rolling out their third quarter report cards, Goldman Sachs is among the latest on deck to report better than expected numbers.
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00:00The big banks are rolling out their third quarter report cards. Goldman Sachs is among
00:04the latest on deck to report better than expected numbers, turning in a profit of
00:09nearly $3 billion. Revenue rose to $12.7 billion. An increase in trading and investment banking
00:16activity helped boost its bottom line. Not to be outdone, Citigroup also beat expectations,
00:22posting a profit of $3.2 billion thanks to growth in wealth management and investment banking.