Goldman Sachs Is The Winner of the Latest Q3 26 Earnings
🌟🌟🌟The latest Q3 earnings among the Big US banks showed that $Goldman Sachs(GS.US)has crushed Wall Street estimates. Its Q3 26 revenue was USD 18.68 billion, a big 23% jump year over year. Diluted EPS rocketed up 39% to USD 17.01, beating consensus estimate of USD 13.02.
The main catalyst for this blowout was an excellent performance in equities trading which surged 72% year over year to USD 6.44 billion. This was propelled by huge institutional derivatives demand and prime financing.
Combined with a 21% boost in investment banking fees as corporate M&A advisory hit a record USD 1.65 billion, Goldman Sachs listed its 2nd highest quarterly net revenue in history.
CEO David Solomon has done an excellent job in pivoting the bank back into elite investment banking and trading.
Exciting times are ahead for Goldman Sachs. Dear Friends, would you deploy your cash into Goldman Sachs or the other US banks?
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