Goldman Sachs posted record third-quarter results on Tuesday, driven by a strong performance from the Wall Street giant’s rainmakers who raked in $2.6 billion in investment banking fees.
Goldman said it had hit revenues of $15 billion in the period from July 1 to Sept. 30, generating earnings per share of $12.25.
That was well ahead of forecasts compiled by the London Stock Exchange Group of earnings per share of $11 and revenues of $14.1 billion.
Goldman CEO David Solomon agreed a new $80 million ‘golden handcuffs’ deal with the bank earlier this year. AFP via Getty Images
Insiders said it was the bank’s best third-quarter performance ever.
Goldman shares were up 3% in premarket trading.
“This quarter’s results reflect the strength of our client franchise and focus on executing our