FinancialBuzz.com’s latest The Buzz Show: Goldman Sachs and Bank of America Report Third Quarter Earnings
Goldman Sachs (NYSE: GS) opened higher after crushing analysts’ expectations by announcing a profit of 9 dollars and 68 cents per share, far higher than analysts’ estimated 5 dollars and 57cents per share target. The company’s revenue also skyrocketed 30% to 10.78 Billion dollars
On the flip side, Bank of America (NYSE: BAC) shares slumped throughout morning trading after the company missed expectations with its revenues only amounting to $20.45 billion dollars, instead of the expected 20.8 Billion dollars yet saw some upside with profits dipping to only 51 cents per share instead of the expected 49 cents per share.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 3,000 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,200 business centers; approximately 16,900 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 30 million mobile users.
For more information, please visit: Goldman Sachs Group, Inc.
For more information, please visit: Bank of America Corporation
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