Third round leader Doug Sanders shot 73 (+3) on Sunday and finished two strokes back in a tie for third. Arnold Palmer, reigning champion of the Masters and U.S. Open, carded a triple-bogey eight on the 16th hole on Saturday, and finished five strokes back.
Palmer was attempting to win a third major in 1960; in addition to his wins at the Masters and U.S. Open, he was runner-up by a stroke at the British Open at St Andrews. At Firestone, Palmer opened with a 67 for the first round lead, but fell off the pace late on Saturday and tied for seventh; he won seven majors but never a PGA Championship. Through 2017, no player has won all three U.S. majors (Masters, U.S. Open, PGA) in the same calendar year.
Two-time champion Ben Hogan played in the PGA Championship for the first time since his match play victory in 1948. A third round 78 (+8) left him at 225 (+15) and he missed the 54-hole cut by one stroke.
This was the first of three PGA Championships at the South Course, which later hosted in 1966 and 1975. It is the current venue for the WGC-Bridgestone Invitational, which began in 1976 as the World Series of Golf on the PGA Tour. The American Golf Classic was held at Firestone from 1961 to 1976.