Goldman Sachs miss on Q3 earnings blaming global growth concerns

Goldies out with their Q3 numbers

  • EPS $2.64 vs $3.00 exp
  • Net rev $6.86bn vs $7.07bn exp
  • Income $1.43bn vs $1.50bn exp
  • Says the quarter reflected renewed concerns about global growth
  • Experienced lower levels of activity and declining asset prices during the qtr
  • Continues to see strong levels of activity in investment banking and growth in investment managing

GS stocks was down 2.5% in pre-market trading after the release

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