Goldman Sachs (GS): Q3 EPS jumps 39% to $17.01 as revenue climbs 23%
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Goldman Sachs earned $17.01 a share in Q3, up from $12.25 a year ago, on net revenue of $18.68B, up 23%. Global Banking & Markets revenue rose 32% and investment banking fees 21%. It bought back $3.0B of stock, with annualised ROE at 18.7%.
Why it matters Goldman is a bellwether for dealmaking and trading. Strong investment banking and markets revenue suggests Wall Street activity is healthy, though earnings fell from Q2's $20.98 a share.
What we verified Goldman's 8-K confirms net revenues of $18,679M, net earnings of $5,294M, EPS of $17.01 versus $12.25, ROE of 18.7%, banking and markets revenue of $13,458M, IB fees of $3,224M and $3.0B of buybacks. TipRanks and GuruFocus match the headline figures; consensus estimates vary by source, so we do not quote one.
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