US bank earnings: How did JPMorgan, Goldman Sachs, Citigroup, Wells Fargo perform in Q3?
New Delhi, Oct. 13 -- Four of the largest US banks reported mixed third-quarter earnings on Tuesday, with Goldman Sachs, Citigroup and Wells Fargo beating Wall Street estimates, while JPMorgan Chase fell short of analysts' profit expectations for the first time in nearly three years.
The results came after a turbulent quarter marked by the conflict in Iran, elevated oil prices and a global bond-market selloff, which affected dealmaking and trading activity across financial markets.
Goldman Sachs reported a third-quarter profit of $5.29 billion, or $17.01 per share, for the three months ended September 30. This compared with $4.10 billion, or $12.25 per share, in the corresponding period a year earlier.
The Wall Street bank benefited fr...
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