By Matt Benjamin Third quarter earnings season kicked off this week with a bang!
Big investment banks were among the first to report. BlackRock (NYSE: BLK), Citigroup (NYSE: C) and JPMorgan Chase & Co. (NYSE: JPM) announced earnings on Tuesday. All three posted strong and better-than-expected revenue and net income for the quarter.
But that pales in comparison to what Goldman Sachs (NYSE: GS) had to report… It blew expectations out of the water. The bank posted record profits, as heightened volatility in financial markets allowed its traders to make huge gains in the July to September quarter.
So, after suffering terrible first and second quarters, …read more
