Goldman Sachs Q3 net profit increased by 45% year-on-year

On October 15th, Jin10 Data reported that Goldman Sachs (GS.N) had a Q3 net profit of $2.78 billion, compared to $3.546 billion in the same period last year, a pump of 45% YoY. Net Interest Income was $2.62 billion, exceeding the market expectation of $1.84 billion. Fixed Income, forex, and commodity business (FICC) revenue was $2.96 billion, in line with market expectations. Asset and wealth management revenue was $3.75 billion, a rise of 16% YoY. Equity revenue was $3.5 billion, a rise of 18% YoY.