Goldman Sachs' Q3 profit soared 45%, with stock trading reaching a three-year high.

Gold Ten data, October 15, Goldman Sachs’ third-quarter profit soared 45% due to an unexpected increase in stock trading revenue and the recovery of investment banking business. The performance of the company’s stock traders recorded the best quarter in over three years and is expected to be the best year ever, while commissions from brokers exceeded expectations in every key business area. Investors have been pushing up Goldman Sachs’ stock price this year as the bank has abandoned its main consumer banking business and is prepared to benefit from the rebound in investment banking. Throughout Wall Street, major banks are indicating that they can withstand the adverse impact of lower interest rates on retail business while highlighting the potential for increased brokerage, which will push up fees for the entire industry. Goldman Sachs’ stock price has risen the most among major banks in the United States this year, pumping up 36% and reaching a new all-time high on Monday.