- 3Q net revenues: $18.68 billion (second-highest in history)
- Year-to-date net revenues: record
- CEO David Solomon cited strong client demand for advice, execution, financing
- Solomon expressed confidence in long-term earnings growth
- Stock up 3% in premarket trading
- Goldman Sachs reported third-quarter net revenues of $18.68 billion, the second-highest quarterly figure in the bank's history, and record year-to-date net revenues. CEO David Solomon said in prepared earnings remarks that clients continue to rely on the firm's advice, execution, and financing capabilities despite a complicated operating environment. He expressed confidence that the bank's market-leading franchises and continued investments will drive long-term earnings growth.
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