Goldman Sachs Leads Rivals in Third-Quarter Share Sale Revenue

Goldman Sachs Group Inc. topped its four biggest US equity underwriting rivals in the third quarter, with only Morgan Stanley reporting a decline in fees compared to last year.Boosted by stock sales from companies tapping into the artificial intelligence spending boom, Goldman Sachs’ equity capital markets revenue for the quarter ended Sept. 30 totaled $666 million, according to a statement, up 43% from the same period a year earlier.In contrast, Morgan Stanley’s equity underwriting fees fell 19% year-over-year, driven lower…