On October 13, Goldman Sachs rose 3.92% in Regular Trading, trading at $909.79/share, with turnover of $831 million.

The move followed a strong quarterly earnings release that materially exceeded market expectations, led by a sharp surge in equities trading revenue and better-than-expected investment banking and net interest income.

For the third quarter, Goldman Sachs reported net revenue of $18.679 billion, up 23% year over year, net profit of $5.294 billion, up 29%, and diluted EPS of $17.01, well above consensus estimates near $12.9. Equities sales and trading revenue rose 72% to $6.44 billion, exceeding the roughly $5.09 billion expectation. Investment banking revenue was $3.23 billion versus an estimated $2.86 billion, while net interest income reached $3.77 billion versus an estimated $3.61 billion. The company also repurchased 2.9 million shares for $3.0 billion during the quarter, while management said its deal backlog remained very robust.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)