Goldman Sachs’s Earnings Surge Falls Short of All-Time High

Goldman Sachs’s Earnings Surge Falls Short of All-Time High

Goldman Sachs Group Inc. reported a surge in third-quarter profit driven by trading and investments with the firm’s own money. The shares declined as earnings fell short of the bank’s record.

Third-quarter net income more than tripled to $3.19 billion, or $5.25 a share, in the three months ended Sept. 25, from $845 million, or $1.81 a share, in last year’s third quarter, the New York-based company said today in a statement. Some investors were expecting per-share earnings of as much as $6, the so-called whisper number.

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Goldman stock trended in red all day, down 2% at 188$