#GoldmanQ3EarningsBeat

About GoldmanQ3EarningsBeat

Goldman Sachs beat Q3 estimates: $18.68B net revenue, $17.01 EPS; equities trading rose 72% YoY. Citi’s services and trading drove its best Q3 revenue in a decade. JPMorgan’s net interest income grew, but bond trading lagged; Wells Fargo missed revenue estimates as credit costs rose. Volatility aided stock trading; high rates lifted interest income but curbed bond trading and corporate financing. Ahead of BofA and Morgan Stanley, can trading grow, and what do profits signal for credit demand?