{
  "id": 14314223,
  "title": "Goldman Sachs profit rises as Wall Street dealmaking and equities rebound",
  "url": "https://urgent.news/2026/10/13/goldman-sachs-profit-rises-as-wall-street-dealmaking-and-equities",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T23:00:00.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/14/goldman-sachs-profit-rises-as-wall-street-dealmaking-and-equities-rebound/238987"
  },
  "original_language": "en",
  "account": "Goldman Sachs announced a 33% increase in profit for the third quarter, reaching US$5.1 billion, surpassing analyst predictions. Despite a 20% decline from the second quarter, revenue grew by 23% to US$18.7 billion. The financial giant, similar to JPMorgan Chase, experienced subdued activity in certain areas such as fixed income, currency, and commodities, where revenues remained largely unchanged. However, net revenue in equities trading surged by 72% compared to the previous year. Investment banking fees also increased due to more completed mergers, a higher number of initial public offerings and secondary equity offerings. Nevertheless, Goldman reported a decrease in its investment banking fees backlog compared to the end of the second quarter. Chief Executive David Solomon expressed satisfaction with the results, acknowledging the challenging operating environment stating, \"Notwithstanding the current complexity and uncertainty in the world, we remain very well positioned to continue to deliver for our clients.\" Shares of Goldman Sachs increased by 2.9% in pre-market trading.",
  "summary": "NEW YORK, Oct 14 — Goldman Sachs reported higher third-quarter profit yesterday that topped analyst estimates...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "MarketWatch",
        "title": "New SEC rules would fleece everyday investors to enrich Wall Street",
        "url": "https://urgent.news/2026/10/13/new-sec-rules-would-fleece-everyday-investors-to-enrich-wall-street",
        "published": "2026-10-13T17:54:00.000Z"
      },
      {
        "outlet": "Qatar Tribune Business",
        "title": "The first big batch of US profit reports for the summer has Wall Street mixed",
        "url": "https://urgent.news/2026/10/13/the-first-big-batch-of-us-profit-reports-for-the-summer-has-wall",
        "published": "2026-10-13T21:24:00.000Z"
      }
    ]
  },
  "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."
}