10:33 AM EDT, 10/15/2025 (MT Newswires) -- Goldman Sachs' ( GS ) Q3 earnings beat was driven by "little beats" across the income statement rather than by a sole catalyst, Oppenheimer said in a Wednesday research note.

Goldman Sachs' ( GS ) Q3 earnings per share of $12.25 was ahead of Oppenheimer's $10.86 estimate and Street consensus of $11.15, while total revenue of $15.2 billion was better than Oppenheimer's $14.2 billion expectation. Meanwhile, total expenses were $450 million higher than Oppenheimer's estimate of $9 billion, the brokerage said.

Oppenheimer further said that Goldman Sachs' ( GS ) Q3 EPS represents a "very respectable" return on equity of 14.2%, marking it "one of the strongest quarterly returns".

The firm rated Goldman Sachs ( GS ) as perform.

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