Goldman Posts Dramatic Drop In Investment And Lending Unit Amid Carnage In Equity Book

Following good numbers from JPMorgan, Goldman delivered its third quarter results on Tuesday amid a deluge of big bank earnings. On the headlines, adjusted EPS of $4.79 was a slight miss - the street was looking for $4.86. The range was $4.25 to $6.01. Net revenue of $8.32 billion was down nearly 4% YoY and barely managed to meet expectations (consensus was $8.31 billion). FICC trading - where revenue fell 13% last quarter - was better in Q3. Sales and trading revenue there printed $1.41 billi