TLDRGoldman Sachs (GS) stock rises 0.27% as Q3 revenue jumps 23% to $18.68 billion.Goldman Sachs reports $5.29 billion in Q3 profit as earnings reach $17.01 per share.Equities revenue surges 72% as stronger financing and derivatives lift results.Investment banking fees climb 21% as mergers and underwriting activity rebound.Goldman Sachs returns $4.49 billion to shareholders and declares a $5 dividend.Goldman Sachs Group (GS) stock rose 0.27% to $896.36 during Tuesday’s intraday trading, gaining $2.41 after retreating from earlier highs. The bank reported third-quarter revenue growth of 23% to $18.68 billion, driven by stronger trading and investment banking activity. Meanwhile, net earnings reached $5.29 billion as its major business divisions delivered improved annual results.The Goldman Sachs Group, Inc., GSGoldman Sachs Reports Strong Q3 Earnings GrowthGoldman Sachs reported diluted earnings per share of $17.01, up from $12.25 during the same quarter last year. However, earnings declined sequentially from $20.98 per share in the second quarter. The bank recorded an annualized return on average common shareholders’ equity of 18.7%.For the first nine months of 2026, the company generated $56.24 billion in revenue and $17.55 billion in earnings. Its book value per common share also increased 4.2% during the period to $372.64. These results reflected stronger banking operations and improved profitability compared with 2025.Operating expenses increased 20% annually to $11.31 billion, primarily due to higher transaction costs and employee compensation. Meanwhile, provisions for credit losses reached $368 million, reflecting impairments related to wholesale loans. Despite these costs, the bank improved its nine-month efficiency ratio to 59.4% from 62.1%.Investment Banking and Equities Support Revenue GrowthGlobal Banking & Markets generated $13.46 billion in quarterly revenue, representing a 32% increase from the previous year. Investment banking fees climbed 21%, supported by higher completed merger transactions and increased underwriting activity. Stronger initial public offerings and secondary share sales also contributed to the division’s performance.Equities revenue surged 72% annually, supported by stronger financing operations and derivatives trading. Meanwhile, fixed income, currency, and commodities revenue remained largely unchanged despite mixed performance across trading products. Higher currencies and commodities revenue helped offset weaker mortgage, credit, and interest rate activity.Asset & Wealth Management revenue increased 14% from the previous year, supported by higher management and incentive fees. Increased average assets under supervision contributed to stronger recurring fee income during the quarter. However, weaker investment returns and private banking revenue partly offset the division’s growth.Goldman Sachs Announces Dividend and Capital ReturnsGoldman Sachs declared a quarterly dividend of $5.00 per common share on October 12, 2026. The company scheduled payment for December 30 to shareholders of record on December 2. The announcement followed continued capital distributions through dividends and share repurchases.During the third quarter, the bank returned $4.49 billion to common shareholders through its capital return program. Share repurchases accounted for $3 billion, while common stock dividends represented the remaining $1.49 billion. The company also maintained its shareholder payout strategy alongside increased investment banking activity.Meanwhile, average global core liquid assets increased to $574 billion from $555 billion in the previous quarter. Headcount also rose 3% sequentially, reflecting the timing of new graduate recruitment. However, the investment banking backlog declined from the second quarter despite stronger completed transactions. The post Goldman Sachs Group (GS) Stock: Gains as Q3 Revenue Jumps 23% and Profit Hits $5.29B appeared first on Blockonomi.