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Goldman CEO David Solomon says sudden changes in interest rates are tough, but the economy is still doing well.

ResultsRead the original at Benzinga
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Goldman Sachs reported third-quarter sales and profit above market estimates, and stock-trading sales rose 72%. Activity cooled from its earlier peak, but Solomon said it remains strong by long-term standards.

GS · Goldman Sachs Group Inc.

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The results point to strong business from trading and deal activity, with a record $4.10 trillion in assets under supervision. Solomon said abrupt rate moves make markets harder, and activity cooled from its earlier peak. But he said activity remains strong by long-term standards, and the quarter beat market estimates.

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