Goldman Sachs quarterly profit rises on equities strength

Goldman Sachs reported a higher third-quarter profit, driven by strong equities revenue and a steady dealmaking process. The Wall Street firm's equities business saw a 72% jump in quarterly revenue to $6.44 billion, while its fixed income, currency, and commodities business revenue decreased by 1% from the previous year to $3.47 billion.

In total, Goldman earned $5.29 billion, or $17.01 per share, for the three months ended September 30, compared to $4.10 billion, or $12.25 per share, a year earlier. Despite the current global uncertainty, Goldman CEO David Solomon expressed confidence in the bank's ability to continue delivering for its clients. The investment banking division faced a slowdown in dealmaking, with M&A activity falling 41% to $993 billion, below the $1 trillion mark for the first time since the second quarter of 2025.

Investment banking fees, however, increased by 21% to $3.22 billion, thanks to higher debt and equity underwriting and an 18% jump in advisory revenues.