{
  "id": 14209292,
  "title": "Goldman Sachs shares rise after solid earnings",
  "url": "https://urgent.news/2026/10/13/goldman-sachs-shares-rise-after-solid-earnings-14209292",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T12:28:34.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/13/goldman-sachs-shares-rise-after-solid-earnings"
  },
  "original_language": "en",
  "account": "Goldman Sachs announced a substantial increase in third-quarter earnings, surpassing expectations despite a cooling market environment. The New York-based financial giant reported a profit of US$5.1 billion, marking a 33% increase year-over-year but a 20% drop from the previous quarter. Total revenue grew by 23% to US$18.7 billion. While revenue in sectors like fixed income, currency, and commodities remained relatively stable, equities trading saw a remarkable 72% rise compared to the same period last year. Investment banking fees also saw growth due to an uptick in mergers, initial public offerings, and secondary equity offerings. However, Goldman's backlog of investment banking fees declined compared to the second quarter's end. Despite the challenging global landscape, CEO David Solomon expressed confidence in the firm's ability to continue serving clients effectively. In response to the results, Goldman shares experienced a 2.9% increase in pre-market trading.",
  "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",
        "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."
}