{
  "id": 14188340,
  "title": "Goldman Sachs quarterly profit rises on equities strength",
  "url": "https://urgent.news/2026/10/13/goldman-sachs-quarterly-profit-rises-on-equities-strength",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T11:30:27.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/goldman-sachs-quarterly-profit-rises-on-equities-strength-4946341"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "Goldman Sachs upgrades global equities to overweight, favoring U.S. and Asia",
        "url": "https://urgent.news/2026/10/13/goldman-sachs-upgrades-global-equities-to-overweight-favoring-u-s-and",
        "published": "2026-10-13T07:23:38.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Goldman Sachs sees positive setup for payment stocks ahead of earnings",
        "url": "https://urgent.news/2026/10/13/goldman-sachs-sees-positive-setup-for-payment-stocks-ahead-of-earnings",
        "published": "2026-10-13T09:31:25.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Bank earnings live updates: JPMorgan, Wells Fargo, Goldman Sachs and Citigroup report",
        "url": "https://urgent.news/2026/10/13/bank-earnings-live-updates-jpmorgan-wells-fargo-goldman-sachs-and",
        "published": "2026-10-13T09:35:30.000Z"
      },
      {
        "outlet": "Hedgeweek",
        "title": "Goldman Sachs upgrades equities and government bonds amid rising yields",
        "url": "https://urgent.news/2026/10/13/goldman-sachs-upgrades-equities-and-government-bonds-amid-rising",
        "published": "2026-10-13T09:41:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}