Goldman Sachs shares rise
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Shares rise premarket as Goldman posts strong trading and banking results. Goldman Sachs reported a sharp third-quarter earnings beat on Tuesday, giving investors a fresh reason to revisit a stock that has fallen about 15% over the past three months despite strong underlying results.
Wall Street's investment banking and trading stalwarts posted uneven third quarter earnings as both equity and bond markets were rocked by the ongoing Iran war, rising inflation and jitters about the massive spending in the AI buildout.
A surging stock market and a flurry of deal-making padded the profits of Wall Street’s two big investment banks, which both saw a double-digit jump in profits in the fourth quarter. Goldman Sachs’s net earnings rose 12% from a year earlier, posting a ...
JPMorgan Chase fell short of quarterly profit estimates for the first time in nearly three years as market volatility and an uncertain economic outlook dampened dealmaking and reduced bond market trading activity in recent months.