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US Stocks: Goldman Sachs Quarterly Profit Rises on Equities Strength
- On Tuesday, Goldman Sachs reported third-quarter profit of $5.29 billion, up from $4.10 billion a year ago, driven by a 72% revenue jump in equities to $6.44 billion.
- Investment banking fees rose 21% to $3.22 billion, yet the firm's fixed-income, currency and commodities business revenue fell 1% to $3.47 billion after Chief Executive Officer David Solomon warned in September of a slower quarter.
- Goldman defied broader market slowdowns through higher debt and equity underwriting, advising on Intel's $23 billion offering and Nvidia's $3.5 billion investment in MediaTek, while advisory revenues jumped 18%.
- Expanding its $4 trillion asset-management division, the bank acquired NEOS Investments for $2.25 billion and LCN Capital Partners for $410 million, driving a 14% revenue increase in the asset and wealth management division.
- "Notwithstanding the current complexity and uncertainty in the world, we remain very well positioned to continue to deliver for our clients," Solomon said, as volatile markets tied to the Middle East conflict shape trading conditions.
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Goldman Sachs Group, American Bank, increased net profits by 33% in the third quarter of 2026.
The Economic TimesReposted by 
Times of India
Times of IndiaUS stocks: Goldman Sachs quarterly profit rises on equities strength
Goldman Sachs reported a remarkable profit increase in the third quarter, largely thanks to fluctuating market dynamics. Equities revenue soared by 72%, amounting to $6.44 billion, even as fixed income revenue saw a minor dip. Investment banking fees grew by 21% due to a rise in underwriting activities, despite a general decline in M&A transactions.
·Mumbai, India
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Coverage Details
Total News Sources35
Leaning Left0Leaning Right8Center5Last UpdatedBias Distribution62% Right
Bias Distribution
- 62% of the sources lean Right
62% Right
C 38%
R 62%
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