UPDATE: Goldman Sachs Posts Q3 Profit, Lifts Dividend
Goldman Sachs Group (NYSE: GS) posted a profit in the third quarter.
Goldman Sachs posted its quarterly net earnings of $1.51 billion, or $2.85 per share, versus a year-ago loss of $428 million, or $0.84 per share.
Its revenue surged to $8.35 billion from $3.6 billion. However, analysts were projecting a profit of $2.19 per share on revenue of $7.24 billion.
Goldman also lifted its quarterly dividend to $0.50 per share, versus $0.46 per share.
Goldman Sachs shares fell 0.80% to $123.50 in pre-market trading.
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