Stocks in the news: Goldman Sachs, Citigroup, Nokia, Lazard


Some of the companies making headlines today:

Goldman Sachs Group Inc.'s (GS) third-quarter earnings rose 73 percent as income from the company's trading operations offset a drop in its investment banking business. Goldman earned $3.03 billion, or $5.25 per share, easily beating analysts' expectations for a profit of $4.24 per share. But investment banking revenue fell 31 percent to $899 million in the third quarter. Investors reacted to the slide in investment banking revenue and shares fell about 1.5 percent in pre-market trading.

Citigroup Inc. (C) reported $101 million in profit, before accounting for stock dividends and the debt exchange offer that give the government a 34 percent stake in the bank. Including those items, it reported a $3.24 billion loss and served to remind Wall Street the economy is still struggling as loan losses and the amount of money it set aside for failed loans in the quarter remained high. Shares dropped 3.8 percent ahead of the bell.