Bank of America separately reported its latest earnings on Tuesday, and in keeping with theme it beat analyst forecasts. Although its profit in the third quarter fell more than 10 percent from the same period last year, the decline was not as steep as expected, bolstered by a jump in trading revenue and investment-banking fees.

The bank reported growth in investment banking and asset and wealth management. Bank of America and Citigroup also showed robust dealmaking gains.

Goldman Sachs’ quarterly profits jumped 45 per cent to $3bn in the third quarter, boosted by its equity trading business, even as the investment bank took another hit from its retreat from retail banking.

Goldman Sachs beat third-quarter profit and revenue estimates, driven by strong stock trading and investment banking results. Goldman Sachs exceeded analyst expectations for earnings per share and revenue in the third quarter,

Goldman Sachs reported third-quarter earnings that beat Wall Street’s expectations. Profit at Goldman rose 45% to $2.99 billion. That amounted to $8.40 per share, which was better than expected. Revenue rose 7% to $12.