Goldman Sachs earnings, revenue increase in Q3

Goldman Sachs earnings, revenue increase in Q3

Earnings soar 60% in July-September period

By Ovunc Kutlu

ANKARA (AA) - Goldman Sachs saw its earnings and revenue increase in the third quarter of 2021, according to its financial results statement released Friday.

The US-based multinational investment bank and financial services company saw net earnings of $5.38 billion in July-September period of this year -- up 60% from $3.37 billion the same period of last year.

Net revenues jumped to $13.61 billion in the third quarter, posting a 26% increase from $10.8 billion in July-September period of 2020.

Strong financial results pushed Goldman Sachs' stock price to $398.28 per share at 9.33 a.m. EDT on the New York Stock Exchange for a daily gain of 1.8%.

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