Profits Leap at Goldman Sachs as Banks See Steady Economy
Bank of America separately reported its latest earnings on Tuesday, and in keeping with theme it beat analyst forecasts. Although its profit in the third quarter fell more than 10 percent from the same period last year, the decline was not as steep as expected, bolstered by a jump in trading revenue and investment-banking fees.
Goldman Sachs Profit Beats Estimates as Bond Sales Boost Investment Banking
(Reuters) - Goldman Sachs' profit jumped 45% in the third quarter as the investment bank benefited from a rebound in dealmaking. It joined JPMorgan Chase, which also gained from an investment banking revival, as corporate clients became more confident in the economic outlook, spurring debt and equity offerings.
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