By Mark Memmott
Another big profit's been posted by one of the big investment banks: Goldman Sachs Group says it earned $3.03 billion in the third quarter.
And in the firm's report, CEO Lloyd Blankfein says that "although the world continues to face serious economic challenges, we are seeing improving conditions and evidence of stabilization, even growth, across a number of sectors."
Meanwhile, Citigruop says it earned $101 million in the quarter. While much less than what Goldman earned, Citigroup had been one of the banks that was hit hardest by the recession and financial crisis.
Yesterday, JPMorgan Chase & Co. said it earned $3.6 billion in the quarter; news that help spark a stock market rally and send the Dow Jones industrial average above the 10,000 mark for the first time in just over a year. Trading is just underway today, and the Dow is down a bit -- to 9,996.