Goldman Sachs Q3: The Business Deserves A Premium. The Stock Already Has One
Goldman Sachs reported robust Q3 results, with momentum in Global Banking & Markets and Asset & Wealth Management. Its 18.7% ROE and $17 EPS beat expectations, though the excerpt notes cyclical and one-off factors; AWM reported $4.1 trillion in assets under supervision and accelerating alternative-investment fundraising.
Why it matters — GS watchers may weigh the strength and growth in its businesses against the excerpt’s cautions about factors that contributed to the quarter’s results.