Goldman Sachs (GS) cites a 33% year-over-year drop in profits in the bank's narrow third-quarter earnings beat. Yahoo Finance Live examines Goldman Sachs' business strategy and outlook under CEO David Solomon's leadership. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Goldman Sachs (GS) cites a 33% year-over-year drop in profits in the bank's narrow third-quarter earnings beat. Yahoo Finance Live examines Goldman Sachs' business strategy and outlook under CEO David Solomon's leadership.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
With BlackRock (BLK) recently reporting its third-quarter results last Friday and Goldman Sachs (GS) set to release its Q3 report on Tuesday, let's see if now is a good time to buy stock in either of these finance leaders.
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Goldman Sachs Group's third-quarter profit shrank by about 33% to $2.06 billion, or $5.47 per share, due to impairments in real estate and losses from its consumer banking missteps, despite a boost from higher trading revenues.