Goldman Sachs Q3 Earnings Beat Estimates, Profit Jumps 45%

  • 20 hours ago
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.

Recommended

11:03
I
Up next
Canoo Builds Modular EV Solutions For Commercial And Government Clients
Benzinga
3:35
12 Hoax Bomb Threats In 48 Hrs: Several Indian Flights Targeted | Aviation tragedy Explained
Oneindia
3:38
Watch| Jaishankar Insults Pakistan in SCO Summit, Terror Remark at SCO Summit Goes Viral
Oneindia
0:33
True Value Files for Chapter 11. Aims For Sale By Rival Do It Best By Year's End.
Benzinga
0:36
EV Chipmaker Wolfspeed Secures $750M Government Grants for NC Wafer Factory
Benzinga
0:36
Southwest Faces Proxy Battle as Elliott Pushes for Board Overhaul Ahead Of Holiday Travel Season
Benzinga
5:53
Elections 2024 With Oneindia: Fadnavis to Return as Maharashtra CM? BJP's Move in J'khand & More
Oneindia
0:35
Auto Makers Unveil New Electric Models at Paris Motor Show
Benzinga
0:37
Boeing to Issue Layoff Notices Amid Strikes, Cut 17,000 Jobs
Benzinga
0:37
Biden Administration Considers Capping Sales Of Advanced AI Chips To Certain Countries Over National Security Concerns
Benzinga
3:47
Warren Buffett-Led Berkshire Hathway's Ginormous $157B Cash Pile Is Nearing Levels Held By One Of Its Biggest Equity Bets
Benzinga
2:26
SentinelOne Stocks Soars On Q3 Earnings Beat: Here Are The Details
Benzinga
1:31
Recently Spotted Asteroid Set for Near Miss With Earth
Wibbitz Top Stories
0:34
Morgan Stanley's Investment Banking Fees Surge Over 50% as Wall Street Deals Make a Comeback
Benzinga
0:36
JPMorgan Chase's Q2 Earnings Beat Expectations, with Soaring Investment Banking Fees and Equities Trading Revenue
Benzinga
0:58
Goldman Sachs Revenue Down 8%
Benzinga
1:02
Surprising Stats That Highlight the Power of Social Media (Social Media Day, June 30)
Wibbitz Top Stories
0:38
FedEx Q1 Earnings: Revenue Miss, EPS Miss, Lowered Guidance — 'Challenging Quarter'
Benzinga
0:30
Nvidia, TSMC-Rival Texas Instruments Shares Surge In Pre-Market After Beating Q2 Estimates
Benzinga
0:29
Bank Earnings From Goldman Sachs, Citigroup
Cheddar News
0:33
Barclays Beats Analyst Expectations with Second Quarter Profit Despite Drop in Net Interest Income
Benzinga
2:01
Why Apple's Glass Supplier Corning Shares Are Trading Higher Today
Benzinga
1:16
Wall Street's Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields
Benzinga
0:37
GM's North American Operations Drive Strong Q2 Performance, Fueled by Truck Sales
Benzinga
0:33
Coca-Cola Exceeds Analyst Expectations with Strong Q2 Earnings and Revenue, Driven by International Demand
Benzinga