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Goldman Posts Record $6.44B Q3 Trading Revenue, Shares Jump

By Drooid · · How we work

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Story summary
  • Goldman Sachs posted record Q3 equities-trading revenue of $6.44 billion, beating analysts’ forecasts.
  • Fixed-income and commodities trading generated $3.47 billion, a near-1% year-over-year decline and missed expectations.
  • Shares rose more than 3% in early trading after the results were released.
  • Top executives will receive collective bonuses exceeding $500 million.
  • Non-compensation expenses are expected to rise over $500 million versus Q2, pressuring profit margins.
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