NEW YORK -- Fueled by stellar gains on its trading desk, Bankers Trust New York Corp. reported a $310 million profit in the third quarter, up 87% from a year ago.

The results, which translated to $3.71 per share, easily exceeded analysts expectations of $2.65, according to Zacks Investment Research in Chicago. In the third quarter of 1992, Bankers Trust reported net income of 166 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.