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Benzinga
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Goldman Sachs Q3 Performance Prompts Modest Profit Forecast Hike: Analyst

1. Goldman Sachs reported 20% Y/Y revenue growth at $15.18 billion. 2. GAAP earnings rose to $12.25 per share, exceeding estimates. 3. Net Interest Income surged 64% Y/Y to $3.85 billion. 4. Provision for credit losses decreased to $339 million. 5. Analysts expect modest EPS upgrades for 2025 amid a strong performance.

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FAQ

Why Bullish?

The substantial revenue and earnings growth indicate robust financial health, aligning with historical performance during revenue uplifts, suggesting continued investor confidence.

How important is it?

The earnings report significantly contributes to GS's immediate stock performance outlook, influencing investor sentiment.

Why Short Term?

The immediate results are positive, but sustained performance will rely on future market conditions and strategic initiatives.

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