Goldman Sachs Group has today reported a 57.9% rise in quarterly profit as trading revenue surged.
The bank said its net income applicable to shareholders increased to $2.10 billion in the third quarter ended September 30 from $1.33 billion a year earlier.
Its earnings per share rose to $4.88 from $2.90.
Analysts on average had expected earnings of $3.82 per share, according to Thomson Reuters I/B/E/S.
It was the bank's second rise in quarterly profit in a row after four quarters of decline.
Goldman Sachs said its revenue from trading fixed-income securities, commodities and currencies rose 34%to $1.96 billion. Total net revenue rose 19% to $8.17 billion.
Goldman joined JPMorgan Chase & Co, Citigroup and Bank of America in reporting an increase in revenue from trading, which got a boost from Britain's surprise vote to quit the European Union as well as from uncertainty about monetary policy in the USs and elsewhere.
Goldman's chief rival, Morgan Stanley, is due to report its quarterly results tomorrow.
