Goldman Sachs profit nearly doubles from brokerage operations

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Goldman Sachs profit nearly doubles from brokerage operations




File image of the Goldman Sachs logo on a screen at the New York Stock Exchange, USA.


© Reuters/Brendan McDermid
File image of the Goldman Sachs logo on a screen at the New York Stock Exchange, USA.


Oct 14 (Reuters) – US bank Goldman Sachs reported a 94% jump in quarterly earnings on Wednesday, driven by a reactivation of advisory services for financial deals and a strengthening of its brokerage and insurance units.

The lender’s net earnings applicable to its common stock increased to $ 3.5 billion in the quarter ended September 30; and they are compared with a profit of 1.800 million dollars registered in the same period of the previous year.

On an equity basis, Goldman Sachs earned $ 9.68, nearly double the $ 4.79 per share in third-quarter earnings last year.

On average, market analysts estimated a profit of $ 5.7 per share, according to IBES data from Refinitiv. It was not immediately clear if the figures were comparable.

(Reporting by Anirban Sen in Bengaluru and Matt Scuffham in New York; edited in Spanish by Marion Giraldo)

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