On October 13, Goldman Sachs rose 3.14% in Pre-Market Trading, with shares indicated at $923.47 and turnover of $97.47 million.

The move followed third-quarter results that exceeded market expectations, led by a sharp upside surprise in equities trading revenue.

For the quarter ended September 30, Goldman Sachs reported net revenue of $18.68 billion, up 23% year over year, and diluted EPS of $17.01, up from $12.25 a year earlier and well above consensus expectations near $12.86 to $13.08. Net profit was $5.29 billion. Investment banking revenue was $3.23 billion versus an expected $2.86 billion, while net interest income was $3.77 billion versus an expected $3.61 billion. The standout was equities sales and trading revenue of $6.44 billion, up 72% year over year and ahead of the $5.09 billion expectation, which aligns closely with the pre-market strength.

(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.)