Goldman Sachs is out of the gate with third-quarter earnings, and things look a little better than Wall Street feared. Profit fell 33% from one year ago, to $2.1 billion. That amounted to $5.47 per share, beating the $5.
42 per share that analysts polled by FactSet had expected. Revenue slipped 1% to $11.8 billion, beating the $11.2 billion analysts expected. Investment banking revenue was $1.6 billion, little changed from a year ago. Trading revenue of $6.3 billion was little changed from the third quarter of 2022.
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