Net profit of Goldman Sachs increased by 60%


    According to a report by Goldman Sachs Group Inc, in the third quarter of 2021, the bank received 60% more profit ($ 5.38 billion) than in the same period last year ($ 3.37 billion).

    The organization's performance exceeded analysts' expectations. So, earnings per share rose from $ 8.98 in 2020 to $ 14.93, while analysts had predicted $ 10.14. Revenue was $ 13.61 billion in the last quarter (expectations were $ 11.14 billion) - last year it was only $ 10.78 billion.However, the amount of funds under management, on the contrary, decreased by 18% to $ 2.28 billion.

    The largest share in the growth in profit was brought by investment banking, whose revenue increased by 88% to $ 3.7 billion (against a forecast of $ 2.6 billion). A positive result was the profit in the field of financial consulting, as well as the organization of placements of shares and bonds.

    See also  Bitcoin is waiting for the pump, Ethereum 2.0, Samsung introduces BTC, the stock market

    Related News

    Leave a Reply

    Your email address will not be published.

    Go up

    We use cookies to understand how you use our website and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of cookies.