The release of third quarter results by leading US and UK banks over the past few weeks have often confounded market expectations.
In the US, Goldman Sachs reported a 66% surge in third quarter pre-tax profits to $5.2bn over the same period last year, Bank of America was up 58% to $7.7bn, Citigroup’s profits jumped 48% to $4.6bn, while JPMorgan Chase reported a 24% rise to $11.7bn.
