Investment banking revenue jumped 42% and results beat expectations.
Goldman Sachs' quarterly profit jumped more than 37% on Tuesday as its investment bankers earned higher advisory fees and traders capitalized on active markets.
Goldman Sachs reports third-quarter earnings before the market opens Tuesday. Wall Street analysts expect earnings per share of $11 on revenue of $14.1 billion, according to LSEG.
Goldman Sachs has agreed to acquire Industry Ventures, a 25-year-old, San Francisco-based investment firm with $7 billion in assets under management, CNBC was first to report Monday, in a deal that underscores the growing importance of secondary markets and buyouts as traditional venture exits remain sluggish.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Goldman (GS) have what it takes?
Wall Street faces heightened volatility amid U.S.-China trade tensions, a prolonged government shutdown, and the kickoff of earnings season. Big Banks like JPM, GS, WFC, BLK, C, BAC, and MS report earnings this week.
GS's Q3 results are set for Oct. 14, with solid IB growth and market volatility expected to have driven its performance despite rising expenses.
As investors increasingly focus on whether the technology sector is entering an AI bubble, Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) analysts say current market conditions do not yet point to a dramatic re-rating of technology stocks. Following the Goldman Sachs Communacopia + Technology Conference in September and recent company announcements on long-term AI capacity, the firm's Technology, Media, and Telecom research team examined adoption trends, capital deployment, energy requirements, and broader market dynamics.
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Goldman Sachs Group reportedly calculated that initial claims for unemployment benefits in the United States inched up from 218,000 to 224,000 during the week ended Saturday (Sept. 27).
Goldman Sachs CEO David Solomon on Friday warned that an AI investment frenzy may be overdone – and that stock markets are due for a “drawdown”.