Investing.com - Goldman Sachs posted better than expected earnings results for the third quarter ahead of the opening bell on Thursday, but revenue dropped, sending shares lower in the pre-market.
The investment bank reported a third-quarter profit of USD1.43 billion, or USD2.88 per share. The bank reported a profit of USD1.46 billion, or USD2.85 per share, a year earlier.
Net revenue, including net interest income, fell 20% to USD6.72 billion from USD8.61 billion in the second quarter.
Goldman increased its quarterly dividend from 50 cents per share to 55.
"The third quarter’s results reflected a period of slow client activity," CEO Lloyd Blankfein said in the report.
Shares of Goldman Sachs were down 2.68% in pre-market trade.
Meanwhile, U.S. stock futures pointed to a mixed open. The Dow Jones Industrial Average futures pointed to a gain of 1.36% at the open, S&P 500 futures dipped 0.09%, while the Nasdaq 100 futures indicated an uptick of 0.1% at the open.
The investment bank reported a third-quarter profit of USD1.43 billion, or USD2.88 per share. The bank reported a profit of USD1.46 billion, or USD2.85 per share, a year earlier.
Net revenue, including net interest income, fell 20% to USD6.72 billion from USD8.61 billion in the second quarter.
Goldman increased its quarterly dividend from 50 cents per share to 55.
"The third quarter’s results reflected a period of slow client activity," CEO Lloyd Blankfein said in the report.
Shares of Goldman Sachs were down 2.68% in pre-market trade.
Meanwhile, U.S. stock futures pointed to a mixed open. The Dow Jones Industrial Average futures pointed to a gain of 1.36% at the open, S&P 500 futures dipped 0.09%, while the Nasdaq 100 futures indicated an uptick of 0.1% at the open.