Goldman Sachs(US:GS) ZACKS·2025-10-14 18:00Core Insights - The Goldman Sachs Group, Inc. reported third-quarter 2025 adjusted earnings per share of $12.25, exceeding the Zacks Consensus Estimate of $11.11 and up from $8.40 in the same quarter last year [1][9] - Despite strong earnings, shares fell 2.2% in pre-market trading following the results [1] Revenue and Earnings Performance - Net revenues increased by 20% year over year to $15.2 billion, surpassing the Zacks Consensus Estimate by 7.4% [4][9] - Net earnings on a GAAP basis rose 37% from the prior-year quarter to $4.1 billion [3] - Investment banking fees surged 42% year over year to $2.7 billion, with advisory fees increasing by 60% [2][9] Segment Performance - The Global Banking & Markets division generated revenues of $10.1 billion, an 18% increase year over year, driven by strong performances in equities and fixed income [6] - The Asset & Wealth Management division reported revenues of $4.4 billion, up 17% year over year, attributed to higher management fees and net revenues in private banking [5] - The Platform Solutions division saw revenues soar by 71% year over year to $670 million [6] Expenses and Provisions - Total operating expenses rose 14% year over year to $9.5 billion [4] - Provision for credit losses decreased by 15% from the prior-year quarter to $339 million [4] Capital and Shareholder Returns - The Common Equity Tier 1 capital ratio declined to 14.4% from 15.5% year over year [7] - The company returned $3.25 billion to common shareholders, including $2 billion in share repurchases and $1.3 billion in dividends [8] Future Outlook - The results indicate a strong quarter with resilient revenues and improved profitability, supported by active client engagement and a solid position in mergers and acquisitions [11]