Goldman Sachs Profit Rises 47% as Bond-Trading Outperforms

October 18, 2016 11:55 AM

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Goldman Sachs Group Inc., once the most profitable firm on Wall Street, reported a 47 percent increase in third-quarter earnings as revenue from bond trading surpassed analysts’ predictions.

Net income rose to $2.09 billion, or $4.88 a share, from $1.43 billion, or $2.90, a year earlier, the New York-based company said in a statement Tuesday.

Also read: LG Electronics says third-quarter profit down 3.7 percent vs. year earlier

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