The Traderszone Network

Published in TZ Latest News 16 October, 2014 by The TZ Newswire Staff

Goldman Sachs profit gets big boost from bond market pickup

Net income attributable to common shareholders rose to $2.14 billion, or $4.57 per share, in the three months ended Sept. 30 from $1.43 billion, or $2.88 per share, a year earlier. Analysts on average had expected earnings of $3.21 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear whether the reported figure was comparable. The FICC business contributed about 26 percent of overall revenue in the latest quarter, compared with about 40 percent of annual revenue in 2009 and 25 percent last year. Goldman ranked No.

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