Goldman Sachs profit jumps
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Goldman Sachs (NYSE:GS) stock slid 2.1% in Tuesday premarket trading after the bank's Q3 expenses exceeded the average analyst estimate. Meanwhile, earnings, revenue and net interest income came in higher than Wall Street consensus estimates,
Goldman Sachs CEO David Solomon said on Tuesday's earnings call, referring to the recent record run in stocks, that "taking a step back, there's no question there's a fair amount of investor exuberance.
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Isolated pockets of froth have continued to percolate within the equity market in recent weeks, according to Goldman Sachs' equity team.
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Tuesday, it starts earnings season like I tell you in How to Make Money in Any Market… This is the period that defines most stocks, the earnings season. Tuesday’s a big day for earnings.
Stock traders should buy call options for 20 stocks that have good upside potential this coming earnings season, Goldman Sachs said.
Goldman Sachs Group Inc. Chief Executive David Solomon said the bank's stronger-than-expected profit was fueled by an "improved market environment" as investment-banking activity picked up steam in the third quarter.