$GS (+1.09%) | Goldman Sachs Q3'24 Earnings Highlights:

🔹 Net Revenue: $12.70B (Est. $11.77B) 🟢; UP +7% YoY

🔹 EPS: $8.40 (Est. $6.93) 🟢; UP from $5.47 YoY

SEGMENT REVENUE:

—Global Banking & Markets: $8.55B (Est. $7.65B) 🟢; UP +6.8% YoY

🔹 Investment Banking: $1.86B (Est. $1.68B) 🟢; UP +20% YoY

🔹 Advisory: $875M (Est. $757.5M) 🟢; UP +5.3% YoY

🔹 Equity Underwriting: $385M (Est. $359.6M) 🟢; UP +25% YoY

🔹 Debt Underwriting: $605M (Est. $567.9M) 🟢; UP +46% YoY

🔹 FICC Sales & Trading: $2.96B (Est. $2.96B); DOWN -12% YoY

🔹 Equities Sales & Trading: $3.50B (Est. $2.95B) 🟢; UP +18% YoY

—Asset & Wealth Management: $3.75B; UP +16% YoY

🔹 Management and Other Fees: $2.62B; Record Quarterly Revenue

—Platform Solutions: $391M; DOWN -32% YoY

🔹 Pre-tax Loss: $559M (Est. Loss $302.7M) 🔴

Other Financial Metrics:

🔹 Net Interest Income: $2.62B (Est. $1.84B) 🟢; UP +70% YoY

🔹 Provision for Credit Losses: $397M (Est. $411.9M); UP from $7M YoY

🔹 Total Operating Expenses: $8.32B (Est. $8.11B) 🔴; DOWN -8.2% YoY

🔹 Compensation Expenses: $4.12B (Est. $3.89B); DOWN -1.6% YoY

Key Ratios:

🔹 Annualized ROE: 10.4% (Est. 8.73%) 🟢

🔹 Return on Tangible Equity: 11.1% (Est. 9.44%) 🟢

🔹 Standardized CET1 Ratio: 14.6% (Est. 14.7%) 🟡

🔹 Book Value Per Share: $332.96 (vs. $313.83 YoY) 🟢

🔹 Efficiency Ratio: 65.5%

Additional Highlights:

🔸 Total Deposits: $445B; UP +2.8% QoQ

🔸 Assets Under Supervision increased by $169B during the quarter to a record $3.10T

🔸 Ranked #1 in worldwide announced and completed M&A and common stock offerings year-to-date

🔸 Board declared a dividend of $3.00 per common share, payable on December 30, 2024

CEO David Solomon:

🔸 "Our performance demonstrates the strength of our world-class franchise in an improving operating environment. We continue to lean into our strengths—exceptional talent, execution capabilities, and risk management expertise—allowing us to effectively serve our clients against a complex backdrop and deliver for shareholders."