Goldman Sachs has announced a Attributed net profit of $3.86 billion (3,330 million euros) in the third quarter of the year, which represents an increase of 39% compared to the same period of the previous year. Earnings per share were $12.25, compared to the $11 expected by analysts. The results were strong due to the confluence of several favorable factors, including increasingly aggressive US tariff threats, increased banking activity and record-high stock market gains.
During the period from July to September, Goldman Sachs’ total revenue reached $15,184 million (13,101 million euros), showing an increase of 20% compared to the previous year. Within this income, a 64% growth in net interest income stands out, reaching 3,852 million dollars (3,324 million euros).
Breakdown of Income by Area
- The investment banking business experienced a 43% increase in its quarterly turnover, reaching 2,659 million dollars (2,294 million euros).
- On the other hand, the investment management area registered an increase of 11%, reaching 2,952 million dollars (2,547 million euros).
- In contrast, the market creation business generated 3,868 million dollars (3,337 million euros), which represents a decrease of 6%.
Goldman Sachs’ commission income in the third quarter amounted to $1,110 million (€958 million), 27% more than in the same period of the previous year.
Regarding provisions for credit risk, the entity recorded 339 million dollars (292 million euros) in the quarter, which represents a year-on-year decrease of 15%.
Until September, Goldman Sachs’s attributable net profit reached $11,916 million (€10,281 million), an increase of 24% compared to the first nine months of the previous year. Meanwhile, the turnover amounted to 44,829 million dollars (38,680 million euros), an increase of 13%.
In relation to these results, the president and CEO of Goldman Sachs, David Solomoncommented: «This quarter’s results reflect the strength of our client portfolio and our focus on executing our strategic priorities in an improving market environment.» Solomon also highlighted the importance of strong risk management and the need to operate more efficiently and take advantage of new artificial intelligence technologies in the long term.