Goldman's profit beats estimates as dealmaking rebound boosts investment banking

By Ateev Bhandari and Saeed Azhar (Reuters) -Goldman Sachs beat Wall Street expectations for third-quarter profit on Tuesday, as its investment bankers earned higher advisory fees and rallying markets boosted revenue from managing client assets. The bank's prediction for a banner year for dealmaking has materialized as corporations revive plans for mergers and listings. Goldman's investment banking fees surged 42% to $2.66 billion in the quarter ended September 30 from a year ago. Analysts were expectin ...