๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข EPS: $3.46 (Est. $2.92) โ
โข Revenue: $21.35B (Est. $19.65B) โ
โข Net income: $5.58B, +58% YoY
โข ROTCE: 26.6%
โข Record net revenues of $21.3B
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข No formal quarterly or full-year guidance provided.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Institutional Securities delivered record revenue, with Investment Banking +58%, Equities +69% and Fixed Income +13% YoY
โข Wealth Management generated record revenue with $148.1B in net new assets, pushing total client assets across Wealth & Investment Management above $10T
โข Authorized a new $20B share repurchase program and increased the quarterly dividend 15% to $1.15 per share
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
Ted Pick said active markets and consistent execution across all three regions drove record revenue and record EPS. He highlighted continued momentum in Investment Banking, industry-leading Equities performance, and Wealth Management surpassing $10 trillion in client assets, while emphasizing the firm's strong capital position and ability to invest for future growth and shareholder returns.