{
  "id": 14207696,
  "title": "Goldman Sachs shares rise after solid earnings",
  "url": "https://urgent.news/2026/10/13/goldman-sachs-shares-rise-after-solid-earnings",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T12:28:34.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/13/goldman-sachs-shares-rise-after-solid-earnings"
  },
  "original_language": "en",
  "account": "Goldman Sachs disclosed a substantial rise in its net revenue from equities trading, which surged by 72% compared to the previous year. Despite this impressive performance, the third-quarter profit still fell short of analyst expectations. The New York-based financial giant reported a profit of $5.1 billion for the July-September period, marking a 33% increase from the same period last year but a 20% decline from the second quarter. Revenue for the quarter rose by 23% to $18.7 billion.\n\nSimilar to JPMorgan Chase, Goldman also experienced a slowdown in certain segments of its business, such as fixed income, currency, and commodities, where revenues remained essentially unchanged. However, the firm managed to boost its net revenue in equities trading by 72% from the preceding year. Additionally, investment banking fees saw an uptick due to an increase in completed mergers and a higher level of initial public and secondary equity offerings.\n\nDespite the positive results, Goldman's investment banking fees backlog was lower than at the end of the second quarter. CEO David Solomon commended the company's performance, acknowledging the challenging operating environment. In pre-market trading, Goldman's shares experienced a 2.9% increase.",
  "summary": "Profit at the bank during the July-September period was US$5.1 billion, up 33% from the year-ago level but down 20% from the second quarter.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "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"
      },
      {
        "outlet": "Quartz",
        "title": "JPMorgan posted a rare earnings miss as Goldman Sachs beat by a wide margin",
        "url": "https://urgent.news/2026/10/13/jpmorgan-posted-a-rare-earnings-miss-as-goldman-sachs-beat-by-a-wide",
        "published": "2026-10-13T12:20:25.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Goldman Sachs shares rise after solid earnings",
        "url": "https://urgent.news/2026/10/13/goldman-sachs-shares-rise-after-solid-earnings-14209292",
        "published": "2026-10-13T12:28:34.000Z"
      }
    ]
  },
  "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."
}