Goldman Sachs’ net income jumps close to 100% in the fiscal third quarter

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Goldman Sachs (NYSE: GS) published its earnings report for the fiscal third quarter on Wednesday that blew past Wall Street estimates for profit and revenue. The company attributed its hawkish performance to the annualised return on equity (ROE) that jumped to an all-time quarterly high of 17.5%. Learn more about return on equity. Goldman Sachs jumped 3% in premarket trading on Wednesday. Shares of the company are now trading at £163 per share. The stock had started the year at a higher £180.50 per share but had tanked to a year to date low of £104 per share in March.

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