Goldman Sachs reported for the fiscal third quarter net earnings of $1,51 billion or $2,85 per share on $8,35 billion in revenue. The results beat analyst expectations of earnings of $2,19 a share on revenues of $7,24 billion and show a marked improvement over a year ago when the group reported a loss of 84 cents a share.
In the period Core Tier 1 capital rose to 15% while assets under management as of 30 September amounted to 856 billion. The quarter was 'solid' commented the CEO Lloyd Blankfein and saw particularly satisfactory results from the investment banking division, which recorded a 49% increase in turnover to 1,156 billion, contributing decisively to the performance of the group. The macro environment, Blankfein added, remains a common 'challenging'.
