Skip to content

Goldman Sachs Traders Deliver Surprise Surge in Firm’s Best Year Ever

  • Firm’s trading business beats forecast with 23% revenue jump
  • Overall 2021 revenue has already surpassed last year’s results
Video player cover image
WATCH: Goldman Sachs Group Inc. reported third-quarter results that saw $3.1 billion in equity sales & trading revenue.Source: Bloomberg
Updated on

Goldman Sachs Group Inc. posted a surprise jump in its trading business, rounding out a stellar quarter for Wall Street’s biggest banks. 

The firm’s trading operation posted a 23% increase in revenue, defying analysts’ expectations that the business would struggle to keep up with last year’s pace and slide 9%. Results from fixed-income trading easily surpassed estimates. Goldman has already posted enough revenue through September -- $46.7 billion -- to give the firm its best year ever.