Goldman Sachs (NYSE: GS) reported third-quarter earnings on Wednesday morning that were both better than expected and reflected impressive year-over-year gains in net revenue for all four of its operating units.

The company earned $3.6 billion, or $9.68 per share, in the three months ended Sept. 30. That was up from $1.9 billion, or $4.79 per share, in the same period last year.

"Our ability to serve clients who are navigating a very uncertain environment drove strong performance across the franchise, building off a strong first half of the year," said chairman and CEO David Solomon in prepared remarks. "As our clients begin to emerge from the tough economy brought on by the pandemic, we are well positioned to help them recover and grow, particularly given market share gains we've achieved this year."

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Source Fool.com