Profits Down But Beating Expectations -- Banks -- October 18, 2022

Yesterday:

Link here. Bank of New York Mellon -- part of Buffett's portfolio.

Today, Goldman Sachs -- link here:

The bank said it earned $3.07 billion, down from $5.38 billion a year ago. Still, per-share earnings of $8.25 exceeded the $7.75 a share expected by analysts.

Revenue was down 12% to $11.98 billion. That beat the $11.42 billion expected by analysts.