The financial institution can look forward to strong business in investment banking.
(Photo: Reuters)
new York The US investment bank Goldman Sachs has made a profit jump on the back of strong global businesses with acquisitions and mergers. The net profit climbed in the third quarter within a year by 63 percent to 5.28 billion dollars, as the financial group announced on Friday. A profit of $ 14.93 per share was achieved, which was above expectations on Wall Street. Analysts had expected an average of only $ 10.11 per share.
On Wednesday and Thursday, the competitors JP Morgan and Morgan Stanley had already presented their figures for the third quarter. Because of the stock market boom and strong business in investment banking, they too earned significantly more than a year ago.
More: Dealmakers are driving up profits for US banks
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