CORRECTED-Goldman Sachs thrives on global dealmaking frenzy to post bumper profit

  • 10/15/2021
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(Corrects year-ago EPS to $8.98 from $9.68 in paragraph 3) Oct 15 (Reuters) - Goldman Sachs Group Inc reported a surge in third-quarter earnings on Friday, as Wall Street’s biggest investment bank rode a record wave of dealmaking activity that has boosted profits at other large U.S. banks too. Net earnings applicable to common shareholders rose to $5.28 billion in the quarter ended Sept. 30, from $3.23 billion a year ago. Earnings per share rose to $14.93 from $8.98 a year earlier. Analysts on average had expected a profit of $10.11 per share, according to the IBES estimate from Refinitiv. (Reporting by Noor Zainab Hussain and Anirban Sen in Bengaluru, Elizabeth Dilts and Matt Scuffham in New York; Editing by Arun Koyyur) Our Standards: The Thomson Reuters Trust Principles.

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