• 2 months 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

0:34
I
Up next
Morgan Stanley's Investment Banking Fees Surge Over 50% as Wall Street Deals Make a Comeback
Benzinga
0:38
FedEx Q1 Earnings: Revenue Miss, EPS Miss, Lowered Guidance — 'Challenging Quarter'
Benzinga
0:58
Goldman Sachs Revenue Down 8%
Benzinga
2:35
SoFi Technologies Q3 Earnings: Revenue Beat, EPS Beat, Raised Guidance Following 'Strongest Quarter' Ever
Benzinga
4:05
General Motors Q3 Earnings: Revenue And EPS Beat, Raises Annual Profit Outlook On Growing Consumer Demand
Benzinga
4:24
Buy Financials Ahead of Big Bank Earnings?
Bullish Studio
0:35
Morgan Stanley Beats Q3 Estimates, Profits Surge More Than 30%
Benzinga
0:33
Nvidia Stock Poised For a Nearly $300 Billion Market Jolt As Q2 Earnings Loom, Says Goldman Sachs: 'Can You Imagine If NVDA Beats Expectations?'
Benzinga
0:59
Wall Street's Most Accurate Analysts Say Hold These 3 Consumer Stocks Delivering High-Dividend Yields
Benzinga
0:45
Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks With Over 3% Dividend Yields
Benzinga
0:38
Wells Fargo CEO Says US Consumer 'Extremely Resilient,' Sees Consumer Spending Rising Steadily
Benzinga
0:45
Snowflake Shares Skyrocket 32%, Achieving Best Day Since IPO After Beating Q3 Estimates
Benzinga
0:29
Bank Earnings From Goldman Sachs, Citigroup
Cheddar News
13:03
Apple Q1 Earnings Beat Estimates As The Company Snaps 4-Quarter Revenue Decline Streak; Stock Slides On China Weakness
Benzinga
0:59
Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks With Over 3% Dividend Yields
Benzinga
1:07
Bank of America Posts Largest Quarterly Inflow In Three Years
The Street
0:53
Wall Street's Most Accurate Analysts Spotlight On 3 Consumer Stocks With Over 7% Dividend Yields
Benzinga
1:52
McDonald's Q3 Earnings: Revenue And Profit Beat, Global Comp Sales Dip, No Mention Of E.coli Impact
Benzinga
1:04
Nvidia Insiders Continue To Sell Shares After Hitting All-Time Highs, $1 Trillion Market Cap: What Investors Should Know - $NVDA
Benzinga
0:39
Workday Shares Drop 11% After Weak Q4 Forecast, Eyes U.S. Government Expansion For Future Growth.
Benzinga
1:16
Wall Street's Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields
Benzinga
0:57
These 3 Industrial Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
Benzinga
0:33
Barclays Beats Analyst Expectations with Second Quarter Profit Despite Drop in Net Interest Income
Benzinga
0:43
Nvidia Shares To Climb Over $140+ Levels, Says Technical Analyst Ahead Of Q3 Results: '...Will Have To Beat Street Expectations For The Trend To Continue'
Benzinga
0:43
Ulta Beauty Shares Climb On Better-Than-Expected Q3 Results, Raised FY24 Sales Outlook
Benzinga