CEO David Solomon cited renewed geopolitical tensions and disrupted energy flows as factors adding complexity to the firm's outlook. Despite these headwinds, Solomon stated Goldman Sachs is maintaining a 100 basis point capital buffer and expects an active fourth quarter. The company announced $3B in share buybacks and a $5 per share dividend. Shares rose up to 4.69% in pre-market trading following the results before turning negative later in the session.
Tuesday, October 20, 2026
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Goldman Sachs' Equities Trading Jumps 72% to Drive Q3 Revenue Beat
Earnings7 days ago
Diluted earnings per share for the third quarter of 2026 were $17.01, surpassing the $13.02 analyst estimate, while net revenue reached $18.68B against expectations of $16.71B. The result was driven by a 72% year-over-year jump in equities sales and trading revenue to $6.44B, far exceeding the $5.09B estimate. In contrast, FICC sales and trading revenue missed estimates at $3.47B, though investment banking fees rose 21% to $3.22B. The firm reported net earnings to common shareholders of $5.12B and an annualized return on average common equity of 18.7%.
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