, Columnist
Maybe Goldman Sachs Should Take the Rest of the Year Off
The Wall Street giant reported total revenue for the first nine months that was greater than any previous 12-month total and blew through third-quarter expectations.
Goldman CFO Stephen Scherr could take a victory lap for the bank’s third quarter.
Photographer: Alex Kraus/Bloomberg
This article is for subscribers only.
Another day, another dollar — or rather another few billion dollars in surprisingly strong results from a big U.S. bank.
Goldman Sachs blew away the superlatives Friday with forecast-beating profits and revenues across the board for the third quarter. You could almost hear the analysts throwing bouquets for outgoing Chief Financial Officer Stephen Scherr on his last call. Its shares were up more than 3%.