The bank reported growth in investment banking and asset and wealth management. Bank of America and Citigroup also showed robust dealmaking gains.

State Street reported a higher third-quarter profit on Tuesday, boosted by an increase in fees earned from managing client assets and said the custodian bank's finance chief, Eric Aboaf, is set to step down in February 2025.

Goldman Sachs' profit jumped 45% in the third quarter as the investment bank benefited from a rebound in dealmaking. It joined JPMorgan Chase, which also gained from an investment banking revival, as corporate clients became more confident in the economic outlook,

Goldman Sachs’ quarterly profits jumped 45 per cent to $3bn in the third quarter, boosted by its equity trading business, even as the investment bank took another hit from its retreat from retail banking.

Goldman Sachs on Tuesday reported a monster jump in its third-quarter earnings, reaping $3 billion in profits — far higher than what Wall Street analysts had expected. How did the investment bank do it?

Goldman Sachs reported sharply higher third-quarter earnings, a sign that lower interest rates, a stable economy and the bank’s work refocusing on Wall Street are paying off. Profit at Goldman rose 45% to $2.