New York | Goldman Sachs Group profit soared 45 per cent in the third quarter on a surprise increase in equity-trading revenue and a resurgent investment banking business.
The firm’s stock traders recorded their best quarter in more than three years, on track for their best year ever, while deal makers pocketed fees that exceeded estimates in every key business line. The investment bank’s gains were tempered by a slide the firm had previously telegraphed in fixed-income trading.
