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News in English (USA) / 15.10.2024 / 17:00

Goldman Sachs Reports Significant Profit Growth Amid Strong Investment Banking and Trading Activities

Goldman Sachs has announced a remarkable 45% surge in profits, driven by a rebound in investment banking and robust trading activities. The financial giant reported third-quarter earnings of $12.7 billion, exceeding Wall Street expectations and showcasing significant gains in equity trading and investment banking fees, which increased by 20%. This resurgence comes as banks like Bank of America and Citigroup also posted solid earnings, contributing to a record high for the financial sector. Overall, the results reflect a steady economy and heightened investor activity, positioning Goldman Sachs as a key player in the recovering market.
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