Goldman Sachs charts frustrating path back to top

October 18, 2016 12:45 PM

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Goldman Sachs is charting a frustrating path back to the top. Trading, share buybacks and operating leverage all helped the investment bank earn $2.1 billion in the third quarter, its best showing in a year-and-a-half. The way it beat its cost of capital, though, fails to inspire full confidence.

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