Goldman Sachs profits surge as dealmaking rebounds on Wall Street

Goldman Sachs reported a 45% surge in quarterly profits on Tuesday, boosted by a rebound in dealmaking that beat analysts’ expectations.The Wall Street titan pointed to a 20% jump in investment banking fees year-on-year to $1.87 billion — driving third-quarter profits of $2.99 billion, or $8.40 per share, up from $2.06 billion, or $5.47 per share, a year earlier.Revenues rose 7% to $12.7 billion, the bank said.  4 Goldman Sachs CEO David Solomon said the uptick in investment banking activity indicated tha ...