Goldman Sachs (GS.US) today reported third quarter results that beat analysts' expectations on both earnings per share (EPS) and revenue:
The results are as follows:
Earnings per share (EPS): $8.25 vs. $7.47 expected
Revenue: $11.98 bln vs. $11.43 bln expected
- The bank ranked first globally in terms of announced and completed mergers and acquisitions, and in terms of global equity and equity-related offerings since the beginning of the year;
- Consumer & Wealth Management generated record quarterly net revenues of $2.38 billion, up 18% from the third quarter of 2021;
- Firmwide Management and other fees totaled a record $2.24 billion in the third quarter of 2022, up 15% from the third quarter of 2021;
- Book value per common share rose 2.1% during the quarter and 8.4% in the first nine months of 2022 to $308.22;
- Goldman Sachs' results are part of a trend of positive surprises in the banking sector in terms of reported earnings.
Goldman Sachs (GS.US) shares, W1 interval. The bull will try to reverse the short-term bearish trend, Goldman's shares gains 3% before the market open. The price is still above 200 SMA on weekly interval, RSI level is near to neutral level. Source: xStation5
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