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Goldman Sachs (GS) earnings 3Q 2020 crush estimates

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Goldman Sachs on Wednesday posted third-quarter results that crushed analysts’ profit estimates on stronger-than-expected results in bond trading and asset management.

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. Companywide revenue climbed 30% to $10.78 billion, topping the estimate by more than $1 billion, driven by the trading and asset management divisions.

Shares of the bank gained 2.2% in premarket trading.

“Our ability to serve clients who are navigating a very uncertain environment drove strong performance across the franchise, building off a strong first half of the year,” CEO David…



Source cnbc.com

Bank of America (BAC) earnings 3Q 2020

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