Goldman Profit Will Be Biggest Bank Shocker

Goldman Sachs probably will post a third-quarter profit that exceeds Wall Street estimates more than that of any other big bank, according to International Strategy & Investment Group LLC. Gains on the firm’s own investments and revenue from underwriting and trading debt will help New York-based Goldman Sachs earn $2.70 a share, ISI analysts led by Ed Najarian said yesterday in a research note. The average estimate (GS) of 25 analysts surveyed by Bloomberg is $2.27……… JPMorgan Chase and Wells Fargo ranked first and fourth by assets among U.S. banks, are set to kick off the industry’s third-quarter earnings season tomorrow. Goldman Sachs, the fifth-largest bank and the one that gets the highest percentage of revenue from trading, is scheduled for Oct. 16……... Find out more at http://www.businessweek.com/news/2012-10-10/goldman-profit-will-be-biggest-bank-surprise-isi-says