Goldman Sachs Beats Q3 Estimates As Market Volatility Boosts Revenue

Benzinga

Goldman Sachs beat Q3 estimates with EPS of $12.25 and revenue of $15.18B, driven by strong trading and investment banking. Profit rose 37% as tariff-fueled volatility boosted market activity despite shares dipping 2% premarket.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Goldman Sachs beat Wall Street estimates for the third quarter,

00:05driven by strong investment banking and fixed income trading results, according to CNBC.

00:09Bank reported earnings per share of $12.25 versus the $11 expected

00:14and revenue of $15.18 billion versus $14.1 billion forecast, according to LSEG.

00:20Profits surged 37% year-over-year to $4.1 billion, while revenue rose 20%.

00:26Investment banking fees climbed 42% to $2.66 billion, roughly $500 million above expectations.

00:33Fixed income trading revenue rose 17% to $3.47 billion,

00:37boosted by higher activity in rates, mortgages, and commodities.

00:41President Trump's tariff policies have fueled volatility across bonds, currencies, commodities, and stocks,

00:47boosting Wall Street trading activity.

00:49Investment banking has also strengthened with industry revenue of 22% in the third quarter,

00:53according to Theologic.

00:54Shares fell about 2% in pre-market trading on Tuesday, but are made up 37% this year.

01:00For all things money, visit Benzinga.com.

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