Goldman Sachs(GS)
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高盛:营收利润均超预期,全球银行与市场业务表现亮眼
海通国际· 2024-07-16 01:31
[Table_Title] 研究报告 Research Report 15 Jul 2024 高盛 Goldman Sachs (GS US) 营收利润均超预期,全球银行与市场业务表现亮眼 Revenue & Profit Beat with Global Banking & Markets Strong Performance 周琦 Nicole Zhou, CFA 林加力 Jiali Lin nicole.q.zhou@htisec.com jiali.lin@htisec.com [Table_yemei1] 热点速评 Flash Analysis [Table_summary] (Please see APPENDIX 1 for English summary) 事件 高盛(GS.NYSE)发布 2024 年二季度业绩报告。 点评 24Q2 营收及利润均优于预期: 营收同比变化+16.9%,高于彭博一致预期的+14.8%。 o 净利息收入同比变化+33.14%,高于彭博一致预期的-8.9%。 o 非息收入同比变化+13.9%,低于彭博一致预期的+27.4%。 计提信用损失准备 2.82 亿美元,同比 ...
Goldman's Card Balances Up 11% as Management's ‘Pleased' With Credit Performance
PYMNTS.com· 2024-07-15 18:26
Goldman Sachs’ GreenSky sale is in the rearview mirror and its pivot from Main Street banking is ongoing.Its latest earnings results, released Monday (July 15), show that “substantially all” of the Marcus loans were sold a year ago.As PYMNTS reported earlier this year, independent digital investment advisor Betterment reached an agreement with Goldman Sachs to acquire the digital investment accounts of Marcus Invest. The accounts were slated to be transferred to Betterment by the end of last quarter. Better ...
Goldman (GS) Q2 Earnings Beat Estimates, IB Revenues Rise Y/Y
ZACKS· 2024-07-15 16:25
The Goldman Sachs Group, Inc.’s (GS) second-quarter 2024 earnings per share of $8.62 surpassed the Zacks Consensus Estimate of $8.52. This compares favorably with $3.08 reported in the year-earlier quarter.Goldman’s results have benefited from the strength in Fixed Income, Currency and Commodities Client Execution (FICC) financing revenues, investment banking (IB) and consumer banking business. Further, a decline in expenses and provisions acted as a tailwind.Net earnings of $3.04 billion increased signific ...
Q2 Earnings Parade Continues
ZACKS· 2024-07-15 16:21
Pre-markets are up solidly to start a new week of trading. This will be the first full week of Q2 earnings season, as well as ushering in plenty of economic data like U.S. Retail Sales and New Housing Starts. In any case, the Dow is currently +220 points, the S&P 500 is +18 and the Nasdaq +60 points. Some have taken the opportunity to presume the big upswing in morning futures is directly related to odds increasing of former President Trump winning the General Election this November following a failed assas ...
Goldman Sachs profit more than doubles to $3B as Wall Street dealmaking rebounds
New York Post· 2024-07-15 16:03
Goldman Sachs’ profit more than doubled in the second quarter and beat analysts’ estimates on strong debt underwriting and fixed-income trading, but slipped from a bumper first quarter when earnings were the highest since 2021.The resilience of the US economy has given corporate executives the confidence to pursue acquisitions, debt sales and stock offerings.“We are pleased with our solid second quarter results and our overall performance in the first half of the year, reflecting strong year-on-year growth ...
Goldman Sachs(GS) - 2024 Q2 - Earnings Call Transcript
2024-07-15 15:57
The Goldman Sachs Group, Inc. (NYSE:GS) Q2 2024 Earnings Conference Call July 15, 2024 9:30 AM ET Company Participants David Solomon - Chairman and Chief Executive Officer Dennis Coleman - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Steven Chubak - Wolfe Research Devin Ryan - Citizens JMP Securities Dan Fannon - Jefferies Matt O'Connor - Deutsche Bank Ge ...
Goldman Sachs' Q2 Profit Jumps 150% on Higher Investment Banking Revenue
Investopedia· 2024-07-15 15:13
Key TakeawaysGoldman Sachs' second-quarter profit more than doubled year-over-year as revenue from investment banking fees and asset management surged.The banking giant's results came in higher than analysts expected, joining other banks like Wells Fargo, JPMorgan Chase, and Citigroup in beating Q2 estimates.Goldman also announced plans to raise its dividend to $3 per share, up from $2.75 per share previously. Goldman Sachs' (GS) efforts to refocus on its Wall Street operations is paying off, as second-quar ...
Goldman (GS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-07-15 15:00
Goldman Sachs (GS) reported $12.73 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 16.9%. EPS of $8.62 for the same period compares to $3.08 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $12.6 billion, representing a surprise of +1.04%. The company delivered an EPS surprise of +1.17%, with the consensus EPS estimate being $8.52.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...
Goldman Sachs (GS) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-07-15 13:47
Goldman Sachs (GS) came out with quarterly earnings of $8.62 per share, beating the Zacks Consensus Estimate of $8.52 per share. This compares to earnings of $3.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.17%. A quarter ago, it was expected that this investment bank would post earnings of $8.54 per share when it actually produced earnings of $11.58, delivering a surprise of 35.60%.Over the last four quarters, the comp ...
Goldman Sachs(GS) - 2024 Q2 - Earnings Call Presentation
2024-07-15 13:04
Second Quarter 2024 Earnings Results Presentation July 15, 2024 Results Snapshot Net Revenues 2Q24 2Q24 YTD $12.73 billion $26.94 billion Net Earnings | --- | --- | |----------|---------------| | 2Q24 | $3.04 billion | | 2Q24 YTD | $7.18 billion | Annualized ROTE1 | --- | --- | |----------|--------| | 2Q24 | $8.62 | | 2Q24 YTD | $20.21 | Annualized ROE1 2Q24 2Q24 YTD 10.9% 12.8% | --- | --- | |----------|-------| | 2Q24 | 11.6% | | 2Q24 YTD | 13.8% | Book Value Per Share $327.13 4.3% 2Q24 YTD Growth Selecte ...