10:22 AM EDT, 10/14/2025 (MT Newswires) -- (Updated to add the latest stock movement in the headline and first paragraph, and details about operating expenses in the second paragraph.)

Goldman Sachs ( GS ) shares fell nearly 5% in recent Tuesday trading after the bank's higher Q3 operating expenses likely overshadowed otherwise positive earnings and revenue results.

The bank said operating expenses for the quarter were $9.45 billion, up 14% from a year earlier, driven by higher compensation and benefits, transaction-based costs, charitable contributions, and net provisions for litigation and regulatory matters.

Goldman reported Q3 earnings of $12.25 per diluted share, up from $8.40 a year earlier.

Analysts polled by FactSet expected $11.03.

Net revenue for the quarter ended Sept. 30, expressed as the sum of net interest income and total noninterest revenue, was $15.18 billion, compared with $12.70 billion a year earlier.

Analysts surveyed by FactSet expected $14.12 billion.

Price: 748.53, Change: -38.25, Percent Change: -4.86