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Goldman Sachs beat third-quarter profit and revenue estimates, driven by strong stock trading and investment banking results. Goldman Sachs exceeded analyst expectations for earnings per share and revenue in the third quarter, with profits soaring 45%. CEO David Solomon pointed to an improving environment as the Federal Reserve eased its tightening policy. JPMorgan Chase and Wells Fargo surpassed earnings estimates, driven by strong performance in their trading and investment banking divisions.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Goldman Sachs beat third quarter profit and revenue estimates driven by strong stock trading
00:07and investment banking results.
00:09Goldman Sachs exceeded analysts' expectations for earnings per share and revenue in the
00:13third quarter, with profits soaring 45%.
00:17CEO David Solomon pointed to an improving environment as the Federal Reserve eased its
00:21tightening policy.
00:23JPMorgan Chase and Wells Fargo surpassed earnings estimates driven by strong performance in
00:28their trading and investment banking divisions.
00:30For all things money, visit Benzinga.com.

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