Goldman Sachs Beats Analyst Estimates with Q3 Earnings Estimates

Goldman Sachs reported third-quarter earnings per share of $5.47, topping analyst estimates of $5.31. Revenue was $11.82 billion, beating estimates of $11.19 billion. Bond trading revenue fell 6% to $3.38 billion but was stronger than expected, and equities trading revenue rose 8% to $2.96 billion. CEO David Solomon noted an expected recovery in capital markets and strategic activity if market conditions remain supportive. Goldman Sachs shares dipped 1% following the earnings release.