Goldman realigns business units as Q3 beats estimates
The firm reported net revenue of $11.98 billion and net earnings of $3.07 billion for the third quarter amid discussion of the bank's reorganization.
“Reprioritization” is now the top priority for Goldman Sachs as the bank announced plans to realign its business units, pulling back from its previous aspirations to target consumers.
Goldman Sachs shares spiked nearly 4% in midday trading Tuesday after the bank reported net revenue of $11.98
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