Based on the article, a $10,000 investment in Goldman Sachs made in 2016 with quarterly dividends reinvested would be worth about $61,900 today, a 20% annualized return. In the third quarter, revenue rose 23% year over year to $18.7 billion, net earnings climbed 29% to $5.3 billion, and earnings per share jumped 39% to $17.01. Over the first nine months, record revenue reached $56.2 billion, up 25%, while the stock was up only about 2% year to date. The bank raised its quarterly dividend 11% to $5 per share, and the author considers the stock attractive for long-term holding given its price-to-earnings ratio of 12.
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