Goldman Sachs Group Inc
GS
ISIN US38141G1040 / Valor 714968
Goldman Sachs Group Inc
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About company
Goldman Sachs Group Inc. is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a substantial and diversified client base, including corporations, financial institutions, governments, and individuals. Founded in 1869 and headquartered in New York, the firm is known for its expertise in investment banking, trading and principal investments, asset management, and securities services. Goldman Sachs operates through four main business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The firm is committed to maintaining high business standards and practices, as evidenced by the establishment of a Business Standards Committee in 2010 to review and enhance its operations. This committee has made numerous recommendations to improve client service, manage conflicts, and enhance transparency and governance. With a focus on innovation and client-centric solutions, Goldman Sachs continues to adapt to the evolving financial landscape while upholding its long-standing business principles.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (25.02.2025):
Annual Earnings Overview
Goldman Sachs Group Inc. reported strong financial results for the full year 2024, with net revenues reaching $53.51 billion, marking a 16% increase compared to 2023. The firm achieved net earnings of $14.28 billion, and diluted earnings per common share (EPS) stood at $40.54, reflecting significant growth from the previous year. This performance was driven by robust results across its business segments, particularly in Global Banking & Markets and Asset & Wealth Management.
Fourth Quarter Performance
In the fourth quarter of 2024, Goldman Sachs Group Inc. recorded net revenues of $13.87 billion, a 23% increase from the same period in 2023. The net earnings for the quarter were $4.11 billion, with an EPS of $11.95. This quarterly performance was bolstered by strong growth in Global Banking & Markets, which saw a 33% increase in net revenues compared to the fourth quarter of 2023.
Global Banking & Markets
For the full year 2024, Goldman Sachs Group Inc.'s Global Banking & Markets segment generated net revenues of $34.94 billion, a 16% rise from 2023. This growth was driven by record net revenues in Equities and strong performances in Investment banking fees and Fixed Income, Currency, and Commodities (FICC). The fourth quarter alone saw net revenues of $8.48 billion, reflecting a 33% increase from the previous year.
Asset & Wealth Management
Goldman Sachs Group Inc.'s Asset & Wealth Management segment reported net revenues of $16.14 billion for 2024, up 16% from 2023. This increase was primarily due to higher net revenues in Equity investments and Management and other fees. In the fourth quarter, the segment achieved net revenues of $4.72 billion, an 8% increase from the same period in 2023, driven by higher Management and other fees and significantly higher Incentive fees.
Return on Equity and Book Value
For the year 2024, Goldman Sachs Group Inc. reported a return on average common shareholders’ equity (ROE) of 12.7% and a return on average tangible common shareholders’ equity (ROTE) of 13.5%. The book value per common share increased by 7.4% during the year, reaching $336.77. These metrics highlight the firm's strong financial health and its ability to generate value for shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
180043 M
Market cap (USD)
2,808,108
Daily traded volume (Shares)
575.97 / 565.3
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Nicola Bonata
Tonia Zimmermann
Tonia Zimmermann
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