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Goldman Sachs reported a 45% surge in profits on Tuesday, fueling hope for a dealmaking rebound. The firm pointed to growth in core businesses like M&A advisory and stock and bond underwriting.
As is always the case when Wall Street heavy hitters weigh in with earnings, the markets and financial trade publications parse the data and management commentary for insight on investment banking. For Goldman Sachs, the latest earnings report on Tuesday (Oct.
Goldman Sachs Group Inc (NYSE:GS) reported strong third-quarter results before the open this morning, with profits jumping 45% to earnings of $8.40 per share.
The Goldman Sachs Group, Inc. (NYSE:GS ) Q3 2024 Results Conference Call October 15, 2024 9:30 AM ET Company Participants David Solomon - Chairman and Chief Executive Officer Denis Coleman - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Christian Bolu - Autonomous Research Mike Mayo - Wells Fargo Securities Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Steven Chubak - Wolfe Research Devin Ryan - Citizens JMP Dan Fannon - Jefferies Gerard Cassidy - RBC Saul Martinez - HSBC Operator Good morning. My name is Katie and I will be your conference facilitator today.
Strong IB revenues, along with lower expenses, support GS' Q3 earnings. However, a weak capital position and a rise in provisions remain a concern.
J.P. Morgan analyst Kian Abouhossein expressed the view on Goldman Sachs Group Inc.‘s GS third quarter financial results.
There are numerous types of trading and investing strategies on Wall Street. Many utilize statistics and probability theory to gain insight and make decisions.
Now that the new earnings season has kicked off, investors would benefit from watching—and breaking down—what the earnings for some of the country's biggest banks have to say about the rest of the economy and the stock market. The best way to gauge this is through the financial sector, as banking stocks release their latest earnings.
U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 150 points on Tuesday.
Goldman Sachs (GS) reported third-quarter earnings that were better than analysts expected Tuesday morning, continuing a stretch of strong big bank earnings kicked off last week by rivals JPMorgan Chase (JPM) and Wells Fargo (WFC).