Sept. 20 (Bloomberg) -- Goldman Sachs Group Inc. reported the third-best profit in its 138-year history after betting against the mortgage bonds that triggered the credit-market rout and damaged earnings at Lehman Brothers Holdings Inc. and Bear Stearns Cos.
The world's largest securities firm said net income rose 79 percent in the third quarter to $2.85 billion, or $6.13 a share, from $1.59 billion, or $3.26, a year earlier. Goldman shares rose as earnings beat the $4.35-a-share average estimate of 18 analysts surveyed by Bloomberg, the seventh straight quarter that the New York-based company has surpassed expectations. BLOOMBERG
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