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October 19, 2010 at 12:58 PM
The Goldman Sachs Group (GS) on Tuesday reported third-quarter 2010 revenues of $8.9 billion and profits of $1.9 billion, with earnings per share at $2.98 versus $5.25 for third-quarter 2009 and $0.78 for third-quarter 2010.
Analysts’ expectations were for EPS of $2.42.
In its Q3 2010 release, Goldman put return on equity at 10.3% for the quarter, and ROE of 11.6% for the first nine months of 2010.
The bank, which suffered a slowdown in trading along with the rest of Wall Street this quarter, continues to recover from the impact of a $600 million U.K. bank payroll tax and a $550 million settlement with the Securities and Exchange Commission over disclosures in the ABACUS 2007-AC1 collateralized debt obligation offering.
