The net profit of Goldman Sachs, one of the major banks in the United States, increased in the third quarter of this year, while Bank of America and Citigroup registered a decline in their net profits during the same period. American investment banks Goldman Sachs, Bank of America, and Citigroup disclosed their financial statements for the third quarter of the year. According to the statement made by Goldman Sachs, the bank’s net profit in the third quarter of the year rose by 45% compared to the same period last year, reaching 2.99 billion dollars. The net profit of the bank in the third quarter of 2023 was 2.05 billion dollars. The earnings per share of the institution, which was 5.47 dollars in the third quarter of 2023, also increased to 8.40 dollars in the same period of this year. The revenue of Goldman Sachs in the third quarter of this year reached 12.69 billion dollars, a 7% increase from the same period last year when the company earned 11.81 billion dollars in revenue. The bank’s net profit and revenue exceeded market expectations in the third quarter.

Bank of America’s profit decreased by 12% according to the announcement made by the bank, the net profit of Bank of America in the third quarter of the year decreased by 12% compared to the same period last year, down to 6.9 billion dollars. The bank announced a net profit of 7.8 billion dollars in the third quarter of 2023. Furthermore, the earnings per share of the institution declined to 81 cents in the third quarter of this year. Bank of America’s earnings per share was recorded as 90 cents in the same period of 2023. The revenue of Bank of America in the third quarter of this year increased by 0.4% compared to the same period last year, reaching 25.3 billion dollars when the bank had revenue of 25.2 billion dollars in the third quarter of 2023. The net profit and revenue of the bank exceeded market expectations in the third quarter of the year.

Citigroup’s profit decreased by 9% according to the announcement made by Citigroup, the net profit of the bank in the third quarter of this year decreased by 9% to 3.2 billion dollars compared to the same period last year when the bank earned a net profit of 3.5 billion dollars in the third quarter. The earnings per share of the institution were recorded as 1.51 dollars in the third quarter of this year. Citigroup’s earnings per share were 1.63 dollars in the same period last year. The revenue of Citigroup in the third quarter of this year increased by 1% compared to the same period last year, reaching 20.3 billion dollars when the bank announced that its revenue was 20.1 billion dollars in the same period last year. The net profit and revenue of the bank surpassed market expectations in the third quarter. The financial reporting season for major banks in the United States started last week with JPMorgan Chase and Wells Fargo.