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Goldman Sachs (GS) Stock Up as Q3 Results Beat Estimates

NEW YORK (TheStreet) -- Shares of Goldman Sachs (GS) were gaining in pre-market trading on Tuesday after the company posted better-than-anticipated earnings and revenue for the 2016 third quarter.

Before today's market open, the New York-based investment bank reported earnings of $4.88 per diluted share, surpassing analysts' projections of $3.82 per share.

Revenue for the period was $8.17 billion, also topping analysts' forecasts of $7.42 billion.

Net revenues in its investment banking unit were $1.54 billion for the period, roughly flat compared to the same quarter last year, but 14% lower than the 2016 second...