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10/14/2020, 1:31 PM (Source: TeleTrader)
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Goldman's revenue jumps 30% YoY to $10.78B in Q3

The Goldman Sachs Group Inc. released on Wednesday its financial results for the third quarter of the year, saying that its revenue annually surged 30% to reach $10.78 billion. However, the figure was down 19% compared to the previous quarter.

In the same period, Goldman Sachs posted net earnings of $3.62 billion for the quarter ended September 30, doubling the numbers compared to the same trimester of 2019. Earnings per share skyrocketed over 102% to $9.68.

"As our clients begin to emerge from the tough economy brought on by the pandemic, we are well-positioned to help them recover and grow, particularly given market share gains we've achieved this year," the company's CEO David Solomon said announcing the results.

Breaking the News / ND