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Goldman Sachs Sees Record Revenue Surge
13 Oct
Summary
- Goldman Sachs achieved its second-best revenue quarter ever.
- Third-quarter profit increased by 29% year-over-year.
- Strong performance in equities and investment banking fueled growth.
Goldman Sachs announced its second-best revenue quarter in history, a testament to its thriving equities division and elevated investment-banking fees.
The firm posted a substantial profit of $5.29 billion in the third quarter, equating to $17.01 per share. This figure represents a remarkable 29% increase when compared to the same period in the prior year.
Overall revenue experienced a 23% year-over-year upswing. This growth was primarily driven by a surge in its equities trading operations and a notable rise in fees earned from investment banking activities.
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