Goldman, boom in profits: for the big US, profits are close to 40 billion

Listen to the audio version of this article

Goldman Sachs, the quintessential Wall Street firm, runs investment banking, the engine of a 60% profit boom to 5.38 billion in the third quarter of the year. The result, equal to 14.93 dollars per share, beat expectations of 10.14 dollars. In turn, revenues jumped 26% to 13.61 billion versus the expected 11.72 billion.

Goldman’s accounts pushed the cumulative profits of the six major American banks between July and September close to 40 billion, to be exact …