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Goldman beats 3Q earnings and revenue expectations

NEW YORK, N.Y. – NEW YORK (AP) _ Goldman Sachs Group Inc. (GS) on Thursday reported third-quarter profit of $2.24 billion.

The bank, based in New York, said it had earnings of $4.57 per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $3.22 per share.

The investment bank posted revenue of $8.39 billion in the period, which also beat Street forecasts. Analysts expected $7.75 billion, according to Zacks.

Goldman shares have decreased 3 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 1 per cent. The stock has climbed roughly 8 per cent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. GS stock research report from Zacks.

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