The US business bank Goldman Sachs benefited from the increased activity on the financial markets in the third quarter. The bank’s trading branch did a good job with this, as did, for example, the management of stock declarations and stock exchanges.
All this led to $ 10.8 billion in profits. That’s almost a third more than in the third quarter of last year. Goldman Sachs set aside $ 278 million last year for possible bad loans, which is about the amount of one year ago. In the second quarter of this year, the bank made a further provision of 1.6 billion dollars.
Below the line, Goldman Sachs left us $ 3.6 billion. Last year, it was $ 1.9 billion in the same period.