5 Stocks That Surpassed Earnings Expectations

In this article, we discuss the 5 stocks that surpassed earnings expectations. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks That Surpassed Earnings Expectations.

5. The Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders: 61

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) rose nearly two percent in the pre-market trading session on Friday, 15 October 2021, after the banking giant crushed expectations for the third quarter.

The Goldman Sachs Group, Inc. (NYSE:GS) reported earnings of $14.93 per share for the three months ended 30 September 2021, well above $8.98 per share in the same period last year. Revenue for the quarter jumped 26 percent on a year-over-year basis to $13.6 billion.

Analysts were expecting Goldman Sachs Group, Inc. (NYSE:GS) to report earnings of $10.14 per share on revenue of $11.72 billion.

If we see the performance of key divisions, revenue from the investment banking segment climbed 88 percent to $3.70 billion, revenue from the consumer and wealth management segment jumped 35 percent to $2.02 billion, while global markets revenue rose 23 percent to $5.61 billion. In comparison, asset management revenue fell 18 percent to $2.28 billion in the quarter.