US stocks: Goldman Sachs quarterly profit rises on equities strength
Goldman Sachs reported a remarkable profit increase in the third quarter, largely thanks to fluctuating market dynamics. Equities revenue soared by 72%, amounting to $6.44 billion, even as fixed income revenue saw a minor dip. Investment banking fees grew by 21% due to a rise in underwriting activities, despite a general decline in M&A transactions.
Goldman Sachs reported a remarkable profit increase in the third quarter, largely thanks to fluctuating market dynamics. Equities revenue soared by 72%, amounting to $6.44 billion, even as fixed income revenue saw a minor dip. Investment banking fees grew by 21% due to a rise in underwriting activities, despite a general decline in M&A transactions.
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