Nice work if you can get it. Crisis what crisis ?
- diluted earnings per share $4.57 vs $2.88 for Q3 2013 and $4.10 for Q2 2014
- book value per common share increased 2% to $161.38 during Q3
- assets under management increased to a record $1.15 trln with net inflows of $20bln
- net revenues for investment banking up 26% at $1.46bln
- Q3 operating expenses $5.08 bln . 12% lower than Q2
Goldmans say
Combination of improving economic conditions in US and strong global franchise continued to drive client activity across the business
Lower costs, higher revenues. What’s not to like? Perhaps Q4 will tell us more!
