REUTERS: Goldman Sachs Group Inc reported a 94per cent rise in quarterly profit on Wednesday, driven by a resurgence in deal-making and continued strength in its trading and underwriting businesses.
The bank's net earnings applicable to common shareholders surged to US$3.5 billion in the quarter ended Sept. 30 from US$1.8 billion a year ago. Earnings per share doubled to US$9.68 from US$4.79 a year earlier.Analysts had expected a profit of US$5.57 per share, on average, according to the IBES estimate from Refinitiv. It was not immediately clear if the figures were comparable.
Source: Digital Coin News (digitalcoinnews.net)
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