WS #15771
Goldman Sachs reported Q3 GAAP EPS of $17.01, beating estimates by over 30%, and revenue of $18.68B, surpassing expectations by 11%. The beat was driven by a massive surge in equities trading and a 14% climb in investment banking fees, indicating a sharp recovery in capital markets activity. This strong performance contrasts with recent banking sector weakness and suggests the financial sector is benefiting from increased market volatility and deal flow.
Goldman Sachs Earnings Beat
Goldman Sachs reported Q3 GAAP EPS of $17.01, beating estimates by over 30%, and revenue of $18.68B, surpassing expectations by 11%. The beat was driven by a massive surge in equities trading and a 14% climb in investment banking fees, indicating a sharp recovery in capital markets activity. This strong performance contrasts with recent banking sector weakness and suggests the financial sector is benefiting from increased market volatility and deal flow.