Goldman Dealmaking Surge Beats Pace of Wall Street Rivals

Goldman Sachs Group Inc. posted record third-quarter revenue boosted by a rapid pace of growth in its investment bank that eclipsed Wall Street rivals.

The firm reported $2.66 billion in investment banking fees, a 42% surge on the same period last year, the bank said Tuesday. That pace beat rivals and helped the company as a whole report revenue of $15.18 billion, its largest haul for that quarter in its history and its third highest overall for all quarters.