Bank of America separately reported its latest earnings on Tuesday, and in keeping with theme it beat analyst forecasts. Although its profit in the third quarter fell more than 10 percent from the same period last year, the decline was not as steep as expected, bolstered by a jump in trading revenue and investment-banking fees.

Goldman Sachs reported third-quarter earnings that beat Wall Street’s expectations. Profit at Goldman rose 45% to $2.99 billion. That amounted to $8.40 per share, which was better than expected. Revenue rose 7% to $12.

Wall Street's business of putting together deals may finally be rebounding. What Goldman's earnings tell us about demand for M&A, IPOs, and more.