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Goldman Sachs on Tuesday beat estimates for its third quarter on stronger-than-expected investment banking and fixed income trading.

Here's what the company reported:

Earnings per share: $12.25 vs. $11 expected, according to LSEG

Revenue: $15.18 billion vs. $14.1 billion expected, according to LSEG

The company said in a release that profit surged 37% from a year earlier to $4.1 billion, or $12.25 a share. Revenue rose 20% to $15.18 billion.

Investment banking was the engine for Goldman's beat this quarter, with fees jumping 42% to $2.66 billion, or roughly $500 million more than what analysts surveyed by StreetAccount had expected.

Trading desks across Wall Street have benefited as President Donald T

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