🚨 JUST OUT: Goldman Sachs crushes Q3 estimates across the board.
Goldman Sachs Q3 2026:
EPS came in at $17.01 versus the roughly $13.02 estimate, a blowout beat of nearly $4 a share. Revenue hit $18.68 billion against the $16.71 billion consensus, up 23% year-over-year. Net earnings landed at $5.29 billion, comfortably ahead of expectations.
The strength was broad-based, but equities and FICC trading revenue stood out as the biggest driver, both coming in well above what analysts had modeled. Annualized return on equity hit an impressive 18.7% for the quarter.
This follows what was already a record-setting Q2 for Goldman, making the Q3 beat even more notable given the tougher year-over-year comparison and a backdrop of higher Treasury yields that was expected to pressure dealmaking.
Shares jumped more than 3% in premarket trading on the news, a sharp contrast to JPMorgan's rare miss just released minutes earlier, underscoring how differently this earnings season is treating the big banks depending on their trading and markets exposure.
#GoldmanSachs #Earnings #Banks #WallStreet #StockMarket
Goldman Sachs Q3 2026:
EPS came in at $17.01 versus the roughly $13.02 estimate, a blowout beat of nearly $4 a share. Revenue hit $18.68 billion against the $16.71 billion consensus, up 23% year-over-year. Net earnings landed at $5.29 billion, comfortably ahead of expectations.
The strength was broad-based, but equities and FICC trading revenue stood out as the biggest driver, both coming in well above what analysts had modeled. Annualized return on equity hit an impressive 18.7% for the quarter.
This follows what was already a record-setting Q2 for Goldman, making the Q3 beat even more notable given the tougher year-over-year comparison and a backdrop of higher Treasury yields that was expected to pressure dealmaking.
Shares jumped more than 3% in premarket trading on the news, a sharp contrast to JPMorgan's rare miss just released minutes earlier, underscoring how differently this earnings season is treating the big banks depending on their trading and markets exposure.
#GoldmanSachs #Earnings #Banks #WallStreet #StockMarket