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Goldman Reports Blowout Equity Trading Revenues As FICC Disappoints
Goldman Reports Blowout Equity Trading Revenues As FICC Disappoints
In a carbon copy of JPMorgan, which kicked off Q3 earnings season this morning, Goldman’s equities traders blew past expectations in the third quarter, while its fixed-income and rates-trading counterparts fell far below Wall Street’s estimates.That said, Goldman's earnings were far cleaner than JPM's, which saw various misses across investment banking, while Goldman was an across the board beat, with the exception of FICC.
First, let's take a quick look at what the company reported for Q3:
EPS $17.01, beating est. $13.07
Revenue $18.68BN,...
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