Goldman Sachs Q3 profit soars 45%, stock trading sees best performance in three years.

On October 15th, the Golden Data reported that Goldman Sachs’ third-quarter profits soared by 45% due to an unexpected rise in stock trading income, leading to a Rebound in investment banking. The company’s stock traders delivered their best quarter in over three years and are on track for their best year ever, while commission for trading matchmakers exceeded expectations in every key business area. Investors have been pushing up Goldman’s stock price this year as the bank has shifted away from its main consumer banking business and positioned itself to benefit from the Rebound in investment banking. Across Wall Street, major banks are indicating their ability to withstand the adverse effects of a decrease in Intrerest Rate on retail operations, while highlighting the potential for increased trading matchmaker fees, which will drive up fees across the industry. Goldman’s stock price has risen the most among major U.S. banks this year, rising by 36%, and reaching a historic high on Monday.