Investment Banking

Goldman Sachs’ 134% surge in equity underwriting helps bank smash earnings targets — again

The bank followed a record second quarter by posting a third-quarter profit of $3.5bn, which was a 94% gain on the previous year

 Goldman Sachs
Goldman Sachs Photo: Getty Images

Goldman Sachs followed a record second quarter by posting a third-quarter profit of $3.5bn, which was a 94% gain on the previous year.

Revenues of $10.8bn in Q3 — a 30% uptick on the previous year as its hulking trading unit continued to post impressive gains.

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