Goldman headcount up

Thumbs Up At Desk

If Goldman Sachs is any guide, the luster of Wall Street may be returning.

CNN reports that the investment banking powerhouse trounced earnings expectations Thursday when it reported a 25% jump in third quarter revenue compared to same period last year.

In a sign that the post-crisis cost cutting mentality on Wall Street may be ending, Goldman said it's total headcount increased 3% last quarter. And employees can expect big paychecks this year. The company's compensation and benefits for the quarter (which includes money set aside for bonuses) were $2.80 billion, 18% higher than the same three months in 2013.

Goldman capitalized on the wave of mergers and acquisitions activity over the summer, bringing in almost $600 million alone from fees earned by advising companies on such transactions.

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Goldman Sachs is hiring as profit soars

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