Goldman Sachs reported strong third-quarter results with a 42% increase in investment banking revenue. Despite the positive performance, shares fell 2%-3% after the release due to slowing equity trading. The bank continues to perform well in all areas, with growth in trading and financing and asset and wealth management. Morningstar has raised its fair value estimate to $630 per share from $570, citing better long-term outlook for investment banking. The firm is expected to generate a 3.3% compound annual growth rate in net revenue and 4.9% in earnings per share.

Read more at Morningstar: Investment Banking Recovery Drives Strong Results