Goldman Sachs Exceeds Forecasts in Improved Environment
Goldman Sachs reported solid growth in net income and earnings per share in the third quarter, citing a brightening economic backdrop.
The company's earnings per share rose to $12.25, exceeding analysts' estimates of $11.10, while net income reached $4.10 billion, up 37% from the same period last year and beating forecasts of $3.48 billion.
"This quarter's results reflect the strength of our client franchise and focus on executing our strategic priorities in an improved market environment,"
CEO David Solomon said. The company saw growth in all its major businesses amid an "improved market environment."
- Earnings per share: $12.25
- Net income: $4.10 billion, up 37% from last year
- Analysts' estimates: $11.10 earnings per share, $3.48 billion net income
Author's summary: Goldman Sachs beats forecasts with solid growth.
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