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 ...

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 ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Wall Street’s Comeback KidAmong the six largest U.S. banks, Goldman Sachs stands out due to its heavy reliance on investment banking and trading for revenue generation. The firm’s performance in these areas is particularly crucial, as they form the backbone of its business model.Solomon’s Strategic ShiftCEO David Solomon has been steering Goldman towards new growth avenues. The asset and wealth management sectors have been earmarked as potential engines for expansion. This quarter’s results will be closely ...

1 Second Quarter 2024 Earnings Results Media Relations: Tony Fratto 212-902-5400 Investor Relations: Jehan Ilahi 212-902-0300 The Goldman Sachs Group, Inc. 200 West Street | New York, NY 10282 Second Quarter 2024 Earnings Results Goldman Sachs Reports Second Quarter Earnings Per Common Share of $8.62 and Increases the Quarterly Dividend to $3.00 Per Common Share in the Third Quarter "We are pleased with our solid second quarter results and our overall performance in the first half of the year, reflecting st ...

Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday.Here's what Wall Street expects:Earnings: $8.34 per share, according to LSEGRevenue: $12.46 billion, according to LSEGTrading Revenue: Fixed Income of $2.96 billion, Equities of $3.17 billion, per StreetAccountInvesting Banking Revenue: $1.80 billion, according to StreetAccountExpectations have been set high for Goldman Sachs, with Wall Street businesses in the midst of a rebound after a dismal 2023.That's because ou ...

The Goldman Sachs Group, Inc. (GS) is slated to release second-quarter 2024 earnings on Jul 15, before the opening bell. GS stock hit a 52-week high on Jul 10 and is currently trading at a two-year high of $478.89. Should you buy it ahead of its second-quarter numbers? Before we analyze the stock’s investment worthiness, it’s time to look at the company’s historical performance and how it is expected to fare this time.Goldman has a decent earnings surprise history. The company’s earnings outpaced the Zacks ...

In its upcoming report, Goldman Sachs (GS) is predicted by Wall Street analysts to post quarterly earnings of $8.70 per share, reflecting an increase of 182.5% compared to the same period last year. Revenues are forecasted to be $12.68 billion, representing a year-over-year increase of 16.4%.Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ini ...

Goldman Sachs (GS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this investment bank have returned +6.7% over the past month versus the Zacks S&P 500 composite's +5.1% change. The Zacks Financial - Investment Bank industry, to which Goldman belongs, has gained 3.4% over this period. Now the key question is: Where could the stock be headed in the near term?Although m ...

Michael M. Santiago/Getty Images News Investment Thesis Goldman Sachs (NYSE:GS) is returning back to their basic principles, turning their focus towards their deal making business (Investment Banking) and trading. So far, I believe they have been executing this well. This decision comes after a period of diversification into consumer banking, which culminated in the costly and ultimately unsuccessful Marcus initiative. I believe this renewed focus on high-margin activities has already begun to yield pos ...