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Goldman Sachs (GS) came out with quarterly earnings of $8.40 per share, beating the Zacks Consensus Estimate of $6.85 per share. This compares to earnings of $5.47 per share a year ago.
Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) shares jumped 3.5% in premarket trading after it beat expectations for third-quarter earnings, helped by a rebound in dealmaking. The Wall Street bank reported third-quarter earnings to $8.40 per share a 53% jump on a year ago and smashing the $6.89 consensus estimate.
Goldman Sachs saw third-quarter profit surge 45% as the firm's stock traders recorded their best quarter in more than three years and dealmakers pocketed fees that exceeded estimates across every key business line. Jonathan Ferro and Lisa Abramowicz examine the numbers on Bloomberg Television.
Wall Street stock markets are set for a mixed start on Tuesday, though bank sector earnings continue to come in better than expected. S&P 500 futures suggest there could be a slight increase on the record high reached at the start of the week, while Dow Jones futures are pointing to a 0.1% gain and Nasdaq futures to a 0.1% drop.
Goldman Sachs reported third-quarter earnings on Tuesday that beat analysts' expectations. The investment bank posted $12.7 billion of revenue and almost $3 billion of net earnings.
Goldman Sachs' profit jumped 45% in the third quarter as the investment bank benefited from a rebound in dealmaking.
Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Wall Street expects earnings per share of $6.89 and revenue of $11.8 billion, according to LSEG.
As Goldman Sachs Group, Inc. GS prepares to release earnings results for its third quarter before the opening bell on Tuesday, Oct. 15, observers should take note of the firm's annual dividend yield of 2.32%.
24/7 Wall St. Insights Dividend stocks will stay popular as interest rates drop.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Goldman Sachs (GS) have what it takes?