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Tags: US | Earns | Goldman | Sachs

Goldman Sachs Earns $1.74 Billion, Easily Tops Forecasts

Tuesday, 19 October 2010 08:41 AM

Goldman Sachs easily beat analysts' forecasts with its third-quarter earnings report.

Goldman Sachs Group Inc. said Monday that earnings available to common shareholders were $1.74 billion, or $2.98 per share, during the quarter.

That's below the $3.03 billion, or $5.25 per share, it earned during the third quarter last year, but much higher than the $2.32 per share analysts had predicted.

Investment banking revenue jumped 24 percent because of an increase in underwriting debt offerings.

The bond, currency and commodities trading busines at Goldman saw a 36 percent drop in revenue compared with the same quarter last year.

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FinanceNews
Goldman Sachs easily beat analysts' forecasts with its third-quarter earnings report.Goldman Sachs Group Inc. said Monday that earnings available to common shareholders were $1.74 billion, or $2.98 per share, during the quarter.That's below the $3.03 billion, or $5.25 per...
US,Earns,Goldman,Sachs
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2010-41-19
Tuesday, 19 October 2010 08:41 AM
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