Goldman Sachs (GS) came out with quarterly earnings of $17.01 per share, beating the Zacks Consensus Estimate of $12.9 per share. This compares to earnings of $12.25 per share a year ago.
JPMorgan – the largest US bank by assets and the largest in the world by market cap – reported earnings per share of $5.57, missing estimates of $5.90. It recorded revenue of $50.91 billion, below expectations of $51.22 billion.
JPMorgan, Goldman, Wells Fargo and Citigroup reported third-quarter results, kicking off a mixed Wall Street earnings season.
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. The Wall Street bank earned $17.01 per share on $18.68 billion of net revenue, comfortably above FactSet expectations for GAAP earnings of $12.86 per share and revenue of $16.83 billion.
Goldman Sachs quarterly profit rises on equities strength
Goldman Sachs (GS) reached $895.32 at the closing of the latest trading day, reflecting a +1.44% change compared to its last close.
GS to report Q3'26 results as strong equity trading and IB revenues are likely to support growth, while softer FICC activity and higher expenses pose risks.
Goldman Sachs awarded performance stock to its top executives back in 2021, and three years of share price gains have quietly turned those grants into something much larger than anyone publicly discussed at the time.
The payout reflects a five-year period in which the bank outperformed most rivals.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Goldman (GS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2026.
Goldman Sachs (GS) closed at $887.21 in the latest trading session, marking a -1.11% move from the prior day.
Goldman (GS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.