Global Economy
Goldman Sachs Beats Expectations in Q3 Bond Trading, Boosts Commissions and Capital Returns
Goldman Sachs Group posted a third‑quarter performance that outpaced analyst consensus, thanks to disciplined bond‑trading, rising commission income and stronger returns on invested capital. The Reuters‑cited results show the bank limited losses in a volatile fixed‑income market while delivering solid profitability. In addition to the earnings news, the latest market updates for December 2025 highlight movements in the Moroccan dirham, liquidity demands from banks, a new AMMC guideline, record‑high gold prices and central‑bank policy shifts across Europe and the UK.
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NYSE:GS posted a stronger‑than‑expected third‑quarter result, according to Reuters. The investment bank limited the impact of market turbulence on its bond‑trading desk, while commission revenues rose and returns on invested capital improved noticeably.
Key figures
- Quarterly earnings beat consensus estimates.
- Bond‑trading losses were contained compared with peers.
- Commission income grew year‑over‑year.
- Return on invested capital showed a marked increase.
Latest market headlines (Dec 2025)
- Moroccan dirham gains 0.5 % against the US dollar (18‑24 Dec).
- Banks request MAD 128.9 bn in liquidity for November.
- AMMC publishes a public‑consultation guide on discretionary management.
- Wall Street continues its “Christmas rally.”
- Gold price reaches a new record above $69 per ounce.
- USD/MAD pair depreciates 0.4 % (8‑12 Dec).
- European markets set to open lower as investors digest central‑bank announcements.
- Bank of England cuts rates to 3.75 %.