The New York-based firm earned a profit of $2.1bn in the July-September quarter compared to $1.3bn in the same quarter last year.
Its revenue increased to $8.17bn in the quarter from $6.86bn in the year-ago quarter.
Goldman Sachs chairman and CEO Lloyd Blankfein said: “We saw solid performance across the franchise that helped counter typical seasonal weakness.
“We continue to manage our balance sheet conservatively and are benefiting from the breadth of our offerings to clients.”
It revenue from fixed income, currency and commodities trading was up 34% to $1.96bn in the quarter on year-over-year basis.
Trading revenues from equities stood at $1.78bn for the third quarter of 2016, 2% higher compared to the corresponding quarter a year earlier.
It said: “Although market-making conditions were more favorable compared with the third quarter of 2015, Fixed Income, Currency and Commodities Client Execution continued to operate in an environment characterized by low interest rates and slow global economic growth.”
The firm’s investment banking revenue remained unchanged at $1.54bn in the quarter.
Goldman doubled its revenues from investing and lending services to $1.4bn due to significantly higher net revenues from investments in equities.
Its operating expenses grew 10% to $5.3bn in the quarter.
The financial services firm said that it total employee count remained unchanged during the third quarter of 2016 and decreased by 1,900 or 5% during the year-to-date.
Image: Goldman Sachs Headquarters, at 200 West Street, in Manhattan. Photo courtesy of Quantumquark/Wikipedia.
