profit jumped 45 per cent in the third quarter as the investment bank benefited from a rebound in deal making., which also gained from an investment banking revival, as corporate clients became more confident in the economic outlook, spurring debt and equity offerings.
Goldman’s investment banking fees jumped 20 per cent to $1.87-billion. Leveraged finance, which refers to loans made to risky ventures like funding buyouts, and investment-grade activity powered a jump in debt underwriting. The bank, however, booked $397-million in provisions for credit losses compared with $7-million a year ago, driven by higher charge-offs in its credit card portfolio.
Total profit was $2.99-billion, or $8.40 per share, for the three months ended Sept. 30, compared with $2.06-billion, or $5.47 per share, a year ago.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: YahooFinanceCA - 🏆 47. / 63 और पढो »