Goldman profit falls 44% but beats target; bank confirms reorganization plan
Goldman Sachs Group Inc. shares rose 2% in pre-market trades on Tuesday after the bank topped its third-quarter earnings and revenue targets and confirmed a reorganization plan. Goldman Sachs reported a drop in third-quarter net income to $2.96 billion, or $8.25 a share, from $5.28 billion, or $14.93 a share, in the year-ago quarter. Revenue fell to $11.98 billion from $13.61 billion. Wall Street analysts expected Goldman Sachs to earn $7.75 a share on revenue of $11.42 billion, according to estimates compiled by FactSet. Читать дальше...