Goldman Sachs reported their third quarter financial results before the opening bell on Friday. The company topped Wall Street analyst expectations, beating both total revenue and earnings per share estimates.
Total revenue was reported at $13.61 billion vs. $11.68 billion expected. Earnings per share at $14.94 a share vs. $10.18 per share forecast.
David Solomon, Chairman and CEO commented on solid Q3 results: ”The third quarter saw strong operating performance and an acceleration of our investment in the growth of Goldman Sachs. We announced two strategic acquisitions in our Asset Management and Consumer businesses which will enhance our scale and ability to drive higher, more durable returns. Looking forward, the opportunity set continues to be attractive across all of our businesses and our focus remains on serving our clients and executing our strategy.”
Goldman Sachs Chart (year-to-date)
The share price of Goldman Sachs was trading higher after the latest results, up by around 2% during the session on Friday. The stock price has climbed by over 90% in past year at $401.40 a share.
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Sources: Goldman Sachs, Refinitiv, TradingView
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