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Goldman Sachs Reports Easy Beat on Earnings, Revenue

Published 2017-10-17, 07:38 a/m
© Reuters.  Goldman Sachs reports beat on earnings, revenue
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Investing.com - Goldman Sachs reported third quarter earnings and revenue that easily beat analysts’ expectations on Tuesday.

The bank reported second quarter earnings per share of $5.02 on revenue of $8.33 billion.

Analysts had expected EPS of $4.17 on revenue of $7.54 billion.

FICC trading revenue was $1.45 billion, against forecasts of $1.38 billion, while investment banking revenue was $1.8 billion compared to forecasts of $1.63 billion.

Goldman shares were up 0.86% in pre-market trade.

Earlier in the day, rival Morgan Stanley (NYSE:MS) also reported earnings that topped analysts expectations.

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