Goldman Sachs smashes earnings estimates (GS)
Goldman Sachs reported third-quarter earnings results Tuesday, posting earnings per share of $5.02, way ahead of the $4.19 number expected by analysts.
“Our overall performance this year has been solid and provides a good foundation on which to execute and deliver our growth initiatives,” said Lloyd Blankfein, chairman and chief executive officer.
The biggest driver of the beat was a surge in investing and lending revenue.
"I&L was far and away the biggest driver of th
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