Business Standard

Goldman Sachs profit gets big boost from bond market pickup

Revenue from the bank's fixed income,currency and commodities business jumped 74% to $2.17 bn

Reuters

Goldman Sachs Group Inc reported a 50 percent rise in third-quarter net profit on Thursday as last month's sudden pickup in bond market activity boosted trading revenue.

Net income attributable to common shareholders rose to $2.14 billion, or $4.57 per share, in the three months ended Sept. 30 from $1.43 billion, or $2.88 per share, a year earlier.

Analysts on average had expected earnings of $3.21 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear whether the reported figure was comparable.

Revenue from the bank's fixed income,currency and commodities business jumped 74 percent to $2.17 billion.

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First Published: Oct 16 2014 | 5:14 PM IST

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