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Goldman Sachs reported third-quarter earnings per share of $17.01, exceeding analyst estimates of $13.02 by 30.6%. Total revenue for the period reached $18.68 billion, surpassing the expected $16.71 billion by 11.8%.
Segment data showed investment banking fees of $3.22 billion and net interest income of $3.77 billion.
Trading operations provided the primary driver for the beat, with equities revenue totaling $6.44 billion and Fixed Income, Currencies and Commodities (FICC) revenue at $3.47 billion.
Together, these two divisions generated $9.91 billion in revenue. The firm recorded a provision for credit losses of $368 million during the quarter.
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