Goldman Sachs Profit Rises 29% in Third Quarter -- WSJ
Dow Jones2026/10/13 12:23By Jasmine Li
Goldman Sachs reported its second-best quarter ever for revenues, driven by a boom in its equities business and higher investment-banking fees.
The bank posted a profit of $5.29 billion in the third quarter, or $17.01 per share, a 29% increase from a year earlier.
Revenue rose 23% from a year earlier to $18.68 billion.
Analysts polled by FactSet expected a profit of $12.86 a share on $16.83 billion of revenue.
-- Equities revenue rose 72% to $6.44 billion. The bank cited "significantly higher" revenues in equities financing and intermediation.
-- Fixed-income, currencies and commodities revenue fell 1% to $3.47 billion.
-- Investment banking fees increased 21% to $3.22 billion.
-- Asset and wealth management revenue increased 14% to $5.05 billion.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 13, 2026 08:23 ET (12:23 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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