Marco Pak Pasqualotto
Goldman's press release stated that net income for July-September was $2.78 billion, or $8.4 per share, up from $1.88 billion, or $5.47 per share, in the previous year's same period.
Analysts surveyed by FactSet had a unanimous forecast of $6.89 per share for that figure.
Goldman Sachs saw a 7.5% rise in quarterly revenue, reaching $12.7 billion, which exceeded the experts' average forecast of $11.77 billion.
Goldman Sachs' Global Markets division saw a 7% increase in revenue to $8.55 billion in the third quarter, with fixed income, foreign exchange, and commodities (FICC) markets revenue dropping 12% to $2.96 billion, and equities revenue rising 18% to $3.5 billion.
The quarterly dividend of $3 per share was authorized by the bank's board of directors. Goldman Sachs gave back $1.98 billion to shareholders in the last quarter, distributing $1 billion through buying back shares and $978 million in dividends.
source: bloomberg.com
Analysts surveyed by FactSet had a unanimous forecast of $6.89 per share for that figure.
Goldman Sachs saw a 7.5% rise in quarterly revenue, reaching $12.7 billion, which exceeded the experts' average forecast of $11.77 billion.
Goldman Sachs' Global Markets division saw a 7% increase in revenue to $8.55 billion in the third quarter, with fixed income, foreign exchange, and commodities (FICC) markets revenue dropping 12% to $2.96 billion, and equities revenue rising 18% to $3.5 billion.
The quarterly dividend of $3 per share was authorized by the bank's board of directors. Goldman Sachs gave back $1.98 billion to shareholders in the last quarter, distributing $1 billion through buying back shares and $978 million in dividends.
source: bloomberg.com