Goldman Sachs Beats Earnings Estimates, Shares Gap Higher

Shares of Goldman Sachs (GS) gapped higher this morning after the co. reported third-quarter earnings of $2.98 a share on revenue of $8.9 billion, $0.70 better than the Walls consensus. Analysts had expected the firm to report earnings per share of $2.23 on revenue of $7.9 billion, according to Thomson Reuters (TRI).

The stock is currently trading at $157.40 per share, well-above the ticker’s significant resistance at the multi-month highs in the range of $155-156.50.

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