Goldman Sachs reported a net revenue of $18.68 billion for the third quarter, with earnings per share of $17.01. The investment banking segment generated revenue of $3.23 billion, exceeding the estimate of $2.86 billion. Net interest income for the third quarter was $3.77 billion, surpassing the forecast of $3.61 billion. Revenue from equity sales and trading reached $6.44 billion, compared to the estimate of $5.09 billion. Additionally, FICC sales and trading revenue was $3.47 billion, slightly below the estimate of $3.72 billion.
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Goldman Sachs Reports Q3 Net Revenue of $18.68 Billion, EPS of $17.01
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Citigroup Reports Q3 Revenue of $23.85 Billion
Citigroup reported a revenue of $23.85 billion for the third quarter, exceeding market expectations of $23.72 billion. The earnings per share for the third quarter were $2.85. The FICC sales and trading revenue for the third quarter was $4.39 billion, compared to the estimated $4.26 billion. The equity sales and trading revenue for the third quarter was $1.73 billion, slightly below the estimated $1.78 billion. Citigroup's stock fell slightly in pre-market trading. -
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Hassett: Market Confident in New Fed Chair
White House National Economic Council Director Hassett stated that the market has confidence in the new Federal Reserve Chair. The Federal Reserve will control inflation but will not stifle the economy. -
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On October 13, South Korea will block the websites of 27 unregistered cryptocurrency exchange platforms, further expanding its crackdown on overseas trading platforms beyond just mobile applications. The Financial Intelligence Unit (FIU) of South Korea announced on Tuesday that the Korea Communications Commission approved the relevant restrictions after a review from October 6 to 7. The FIU stated that websites of trading platforms operated overseas will be blocked, while platforms operating within South Korea will face service termination. -
Jump Trading Acquires Founders of Ito Markets to Establish Computing Power Trading Division
On October 13, Bloomberg reported that market maker Jump Trading has hired the founding team of a computing power trading startup as the artificial intelligence boom drives the development of related markets. According to a post by Ito Markets on platform X, Jump Trading has brought on board Affaan Mustafa and Alejandro Soumah Fernandez, the founders of Ito Markets Inc., through an 'acquihire' strategy. Ito Markets is a proprietary trading startup focused on buying and selling rights to computing power, and the two founders have joined Jump Trading to lead the newly established computing power trading division. The financial terms of the deal have not been disclosed. -
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