Equities trading revenue of $2.05 billion essentially matched expectations. Goldman shares have fallen 8.3% this year through Tuesday, a smaller decline than most big banks and the 31% drop of the KBW Bank Index. Banks And Financial Stocks: Latest News And Analysis, Bank Stocks Tumble After Reports Find Dirty Money Flows Easily Through Financial System, Wayfair, IBD Stock Of The Day, Brings Home Comfort In Pandemic Climate, Stocks To Watch Near Buy Zones: Dow Jones Leaders Apple, Microsoft Offer New Buy Points. Net interest income sank 17% to $10.1 billion. Fixed income trading revenue jumped 49% … Damit unterwarf sich Goldmann Sachs der strengeren Regulierung für Geschäftsbanken und erhielt dafür einen leichteren Zugang zur Liquiditätsversorgung durch die Fed. BofA set aside $1.4 billion for loan loss provisions, down from $5.1 billion in Q2. The firm generated $3.62 billion in profit, or $9.68 a share, exceeding the $5.57 per share estimate of analysts surveyed by Refinitiv. Read or listen to the conference call. 15 Jan 2020 Goldman Sachs Global Head of Investor Relations Heather Kennedy Miner on 2019 Performance. CFRA analyst Ken Leon said banks like Goldman and its rival Morgan Stanley (MS) — which draw more revenue from stocks, bonds and other financial instruments — were likely to outperform banks whose prospects are more defined by interest rates, consumer banking and commercial real estate. Realtime quote and/or trade prices are not sourced from all markets. Big Bank Stocks Are Dropping After Earnings Beats. Get this delivered to your inbox, and more info about our products and services. Is Wells Fargo Stock A Buy As Warren Buffett Continues To Cut Stake? October 06, 2020 04:00 PM Eastern Daylight Time. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Goldman Sachs Announces $3.6 Billion Profit for Third Quarter It’s nearly double the bank’s earnings a year ago and well above what analysts had been expecting. Got a confidential news tip? CFO Paul Donofrio said at a separate conference in late September that consumer spending in the U.S. — where the bank's operations have been more concentrated than rivals — continued to improve, even with parts of the economy shuttered. The firm generated $3.62 billion in profit, or a record $9.68 a share, exceeding the $5.57 per share estimate of analysts surveyed by Refinitiv. The trading division generated $4.55 billion in revenue, a 29% increase from a year earlier. The Goldman Sachs Group, Inc. Fitch Wire / Thu 26 Jan, 2017. The bank generated $2.25 billion of profit in the period, or $5.71 a share, compared with the $4.89 estimate. Goldman Sachs on Wednesday posted third-quarter results that crushed analysts' profit estimates on stronger-than-expected results in bond trading and asset management. Revenue was seen up 10% to $9.19 billion. Goldman Sachs is expected to earn $4.27/share on $8.46 billion in revenue. Schedules Earnings Release and Conference Call to Announce Third Quarter 2020 Results. Fixed income trading revenue jumped 49% to $2.5 billion, and equity trading revenue climbed 10% to $2.05 billion. Revenue was expected to drop 10% to $20.61 billion. Goldman Sachs may be working to diversify itself away from … Consumer banking revenue fell 17% to $8 billion. Gold as an investment: explore the potential of gold in your portfolio. '. Investment banking revenue rose 7% to $1.97 billion. Goldman's David Kostin told Bloomberg TV on Wednesday the S&P 500 is set to gain 25% and reach 4600 by the end of 2022. Wealth management revenue dropped 26% to $3.8 billion. That’s a … He laid out 4 reasons why the … Revenue sank 11% to $20.30 billion. Goldman Sachs (GS) earnings Q1 2020 sink 46% The Wall Street bank benefited from greater turmoil and activity in markets in the quarter. 05 Nov 2019 Goldman Sachs Presentation at the Bank of America Merrill Lynch Future of Financials 2019 Conference. A new Goldman Sachs research report notes that the options market is implying a 5.8% earnings-day move for the average stock in the S&P 500, which is higher than the 5.5% long-term average. Shares of the bank gained 0.6% after rising 2.2% earlier in premarket trading. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 5 weeks of IBD Digital for only $5! The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Please direct any questions regarding obtaining access to the conference call to Goldman Sachs Investor Relations, via e-mail, at gs-investor-relations@gs.com. Companywide revenue climbed 30% to $10.78 billion, topping the estimate by more than $1 billion, driven by the trading and asset management divisions. Global banking revenue dropped 13% to $4.5 billion. Middle East Peace Moves Set Off A Frantic Arms Race, Fastest-Growing Stocks: Square Stock Among 8 Stocks Expecting Up To 144% Growth In 2021. Wells Fargo stock sank 6% to 23.25. Community banking revenue fell 4.6% to $10.7 billion. What To Know About World's Top Index, This New Credit Card Will Pay Cash Back — Via Bitcoin, How To Invest In Stocks: Why Learning Base Patterns Gets The Ball Rolling. The provision for credit losses fell to $278 million in Q3 from $1.59 billion in Q2 and $291 million a year ago. Goldman Sachs on Wednesday reported blowout second-quarter earnings as its reliance on trading and investment banking paid off amid the market … Wall Street trading desks are having another strong quarter as the coronavirus and 2020 election add more volatility into markets. We want to hear from you. Special Report / Thu 26 Jan, 2017. 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