Goldman Sachs Posts Better-Than-Expected Earnings

Goldman Sachs (GS) - Get Report reported third quarter earnings and revenue that eclipsed Wall Street's estimates on Tuesday. Earnings of $4.88 a share beat estimates of $3.82. Revenue of $8.17 billion topped forecasts of $7.42 billion. The bank's fixed income, currency and commodities space saw a 34% rise in year-over-year revenue to $1.96 billion, thanks to volatility driven by the UK's decision to withdraw from the European Union. Return on equity stood at 11.2% during the quarter. Shares rose following the earnings release. TheStreet's Scott Gamm reports from Wall Street.