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Business
Goldman Sachs earns $17.01 a share as equities trading revenue surges 72% to $6.4bn
The bank reported third-quarter net revenues of $18.7bn and net earnings of $5.3bn on 13 October, far ahead of estimates, as equities revenue climbed 72% and advisory fees hit a record $1.65bn; assets under supervision reached $4.1tn.
Business
LVMH growth slows to 1% as fashion and leather sales fall 5% on weaker China demand
The luxury group reported third-quarter revenue of €18.5bn on 12 October, with organic growth easing to 1% from 3% in the second quarter; its largest division, Fashion & Leather Goods, declined 5% while Watches & Jewelry and Sephora grew.
Business
J&J raises 2026 outlook as $5.5bn talc charge shrinks quarterly profit to $210m
Johnson & Johnson reported third-quarter sales of $25.4bn, up 5.9%, and nudged its full-year forecasts higher on 13 October, even as a litigation charge of $5.5bn cut reported earnings to nine cents a share.