Goldman Sachs’ profits jump 60% helped by deal-making frenzy

By KEN SWEET
AP Business Writer

NEW YORK (AP) — Goldman Sachs’ profits jumped 60% from a year earlier, as the deal-making bonanza that dominated financial markets this summer brought in hundreds of millions of dollars in fee revenue for the investment bank. The New York-based firm said it earned a profit of $5.28 billion, or $14.93 per share, compared with a profit of $3.23 billion, or $8.98 a share, in the same period a year earlier. The results were significantly better than the $10.10-per-share profit that analysts had been expecting, according to FactSet.