Oct 18 Goldman Sachs Group Inc reported a
57.9 percent rise in quarterly profit on Tuesday as trading
Net income applicable to shareholders increased to $2.10
billion in the third quarter ended Sept. 30 from $1.33 billion a
year earlier, while earnings per share rose to $4.88 from $2.90.
Analysts on average had expected earnings of $3.82 per
share, according to Thomson Reuters I/B/E/S. It was not
immediately clear if the reported figures were comparable.
It was the bank's second straight rise in quarterly profit
after four quarters of decline.
Revenue from trading fixed-income securities, commodities
and currencies rose 34 percent to $1.96 billion.
Total net revenue rose 19 percent to $8.17 billion. (bit.ly/2dopnGg)
Goldman joined JPMorgan Chase & Co, Citigroup Inc
and Bank of America Corp in reporting an increase
in revenue from trading, which got a boost from Britain's
surprise vote to quit the European Union as well as from
uncertainty about monetary policy in the United States and
Goldman's chief rival, Morgan Stanley, is due to
report results on Wednesday.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Ted Kerr)