Goldman Sachs posts earnings, revenue that beat

Goldman Sachs stunned analysts working on Wall Street when it reported third-quarter earnings of $4.57 a share on revenue of $8.39 billion. 

Goldman Sachs stunned analysts working on Wall Street when it reported third-quarter earnings of $4.57 a share on revenue of $8.39 billion. The report tells more earnings per share and more revenue than expected by the analysts.

Goldman was expected to deliver third-quarter earnings of $3.21 a share on $7.85 billion in revenue. This was from Wall Street.

Even though Goldman is the latest bank to report earnings this week. So far, it's been a mixed bag for banks with JPMorgan Chase missing earnings estimates, Wells Fargo reporting in line and Citigroup topping earnings estimates.

During the quarter, Goldman announced it would repurchase residential mortgage-backed securities bought by Fannie Mae and Freddie Mac from 2005 to 2007.  It would pay $3.15 billion for repurchase.