Goldman Sachs reports earnings that were higher than expected

(more details) American investment bank Goldman Sachs reports revenues that were higher than expected in the third quarter. The result was in line with expectations and was weighed down by a write-down linked to the fintech business Greensky and the investments in real estate. “We continue to make significant progress in the implementation of our strategic priorities and we are confident that the work we are doing now gives us a much stronger platform for 2024.

I also expect a continued recovery in both capital markets and strategic activity if conditions remain favorable,” commented CEO David Solomon. Total revenue came in at $11.82 billion (11.98), beating the Factset analyst consensus of 11.15 billion dollars.The profit per share was 5.47 dollars (8.25), expected was 5.42 dollars.The share is traded down slightly in pre-trade.

Goldman Sachs, BUSDQ3-2023ConsensusChange vs ConsensusQ3-2022ChangeRevenue11.8211,156.0%11.98-1.3%Earnings per share, USD5,475,420.9%8.25-33.7%

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