Goldman Sachs (GS) reported third-quarter earnings that were better than analysts expected Tuesday morning, continuing a stretch of strong big bank earnings kicked off last week by rivals 澳洲幸运5开奖号码历史查询:JPMorgan Chase (JPM) and 澳洲幸运5开奖号码历史查询:Wells Fargo (WFC).

The shares edged higher in early trading after the firm reported $12.7 billion in total revenue, above the $11.82 billion Goldman reported a year ago and ahead of analysts' consensus as compiled by Visible Alpha.

澳洲幸运5开奖号码历史查询:Net interest income (NII) came in at $2.62 billion, up from $1.55 billion a year ago and better than the $1.95 billion analysts had projected. Goldman's profits came in just shy of $3 billion, nearly half a billion better than analysts expected and up from $2.06 billion in the third quarter of 2023.

The KBW Banking Index (BKX) was recently up 0.4%.

Goldman Extends St🔜retch of Banks Beating Estimates

Goldman reported Tuesday 澳洲幸运5开奖号码历史查询:alongside Bank of America (BAC), which also surpassed estimates. On Friday JPMorgan turned in 澳洲幸运5开奖号码历史查询:estimate-beating results, while Wells Fargo saw pr𓃲ofits🍌 drop less year-over-year than analysts had expected.

The financial-sector results come weeks after the Federal Reserve 澳洲幸运5开奖号码历史查询:cut interest rates for the first time in four years. 澳洲幸运5开奖号码历史查询:Analysts have said the first rate cut, and others likely to come in the next 🌸year, could help boost future bank earnings by lowering deposit costs and sparking activity like merꦡgers and acquisitions.

Goldman Sachs shares are up over 35% this year through Monday's close.