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NewsBreak: Goldman Sachs Falls as Q3 Revenue Dips

Published 10/15/2019, 07:34 AM
Updated 10/15/2019, 07:35 AM
© Reuters.

Investing.com - Goldman Sachs (NYSE:GS) fell in premarket trade on Tuesday after the financial services giant reported a sharp drop in per share earnings and a decline in revenue in the third quarter.

  • Goldman reported earnings per share of $4.79 versus $4.86 expected, according to Investing.com. That was down 24% on a year ago.

  • Revenue for the third quarter slipped 6% on the year to $8.32 billion.

  • Investment banking revenue tumbled 15% on the year to $1.69 billion, compared to estimates of $1.71 billion.

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