Goldman Sachs(US:GS) 智通财经网·2025-10-14 12:21Core Insights - Goldman Sachs (GS.US) reported record third-quarter revenue driven by a recovery in trading activities, exceeding expectations [1] - The firm's revenue increased by 19.5% year-over-year to $15.18 billion, marking the highest third-quarter revenue in its history and the third-highest revenue across all quarters [1] - Earnings per share reached $12.25, also surpassing market expectations [1] Investment Banking Performance - Investment banking fees totaled $2.66 billion, exceeding analyst expectations of $2.18 billion [1] - Advisory revenue was $1.4 billion, equity underwriting revenue was $465 million, and debt underwriting revenue was $788 million, all surpassing forecasts [1] - Global transaction value exceeded $1 trillion in the third quarter, marking only the second occurrence of this milestone on record [1] Trading Activities - Fixed income trading revenue was $3.47 billion, narrowing the gap with the leading equities trading division, which reported $3.74 billion in revenue, below expectations [1] - Trading activities have remained active since the implementation of tariffs by the Trump administration, which caused fluctuations in stock, currency, and bond markets [1] Asset and Wealth Management - The total management fee income for Goldman Sachs' Asset and Wealth Management division reached a historic high [2] - The assets under management in this division increased to a record $3.45 trillion [2] - The firm announced the acquisition of a venture capital firm and plans to expand its private market business to compete with larger rivals [2]