Goldman's profit beats estimates as dealmaking rebound boosts investment banking

Goldman Sachs beat Wall Street expectations for third-quarter profits on Tuesday, as its investment bankers earned higher advisory fees and rallying markets boosted revenue from managing client assets.The bank's prediction for a banner year for dealmaking has materialized as corporations revive plans for mergers and listings.Goldman's investment banking fees surged 42% to $2.66 billion in the quarter ended Sept. 30 from a year ago. Analysts were expecting a 14.3% increase, according to the average estimate compiled by LSEG.JPMORGAN LIFTS INTEREST INCOME FORECAST AFTER PROFIT BEATS ESTIMATESA G