Goldman Sachs thrives on international dealmaking frenzy to submit bumper revenue By Reuters

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© Reuters. FILE PHOTO: A view of the Goldman Sachs stall on the ground of the New York Inventory Alternate July 16, 2013. REUTERS/Brendan McDermid

(Reuters) – Goldman Sachs Group Inc (NYSE:) reported a surge in third-quarter earnings on Friday, as Wall Avenue’s largest funding financial institution rode a report wave of dealmaking exercise that has boosted income at different massive U.S. banks too.

Internet earnings relevant to frequent shareholders rose to $5.28 billion within the quarter ended Sept. 30, from $3.23 billion a 12 months in the past.

Earnings per share rose to $14.93 from $9.68 a 12 months earlier. Analysts on common had anticipated a revenue of $10.11 per share, based on the IBES estimate from Refinitiv.

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