[ad_1]
Third-quarter earnings at
Goldman Sachs
topped expectations but Wall Street is more concerned over the investment bank’s bigger plans.
Profits at the investment bank were down 43% from the year-ago quarter, reflecting a sharp drop in advisory and underwriting revenue drying up across the industry. Goldman Sachs earned $3.1 billion, or $8.25 a share, which was better than the $2.8 billion, or $7.75 a share, projected by analysts surveyed by FactSet. Revenue of $11.9 billion was down 21% year over year but ahead of the $11.4 billion expected by analysts.
[ad_2]
Source link