Goldman Sachs, the Dow's top stock of 2021, continues to impress
CNN
Wall Street powerhouse Goldman Sachs reported earnings that easily topped analysts' expectations, capping a stellar week of bank results and helping to power the broader market to solid gains Friday.
Goldman Sachs said that it posted a profit of $5.4 billion for the third quarter, which works out to $14.93 a share. Analysts were forecasting earnings of $10.18 a share. Revenue also surpassed expectations, surging 26% from a year ago to $13.6 billion — far above the $11.7 billion estimate.
Shares of Goldman Sachs (GS) rose nearly 4% on the news. The stock, which is now up 54% this year, is the best performer in the Dow for 2021.
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