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Goldman Sachs Q4 Earnings: Record Equities Net Revenues (2024)

The Goldman Sachs Group is a leading American multinational investment bank and financial services company. Founded in 1869 by Marcus Goldman and Samuel Sachs, the company is headquartered in Lower Manhattan, New York City, with regional headquarters in several international financial centers.

Goldman Sachs offers a wide range of services, including investment banking, securities underwriting, prime brokerage, asset management, wealth management, and risk management. The firm is known for its expertise in mergers and acquisitions, financing, and global markets. It also operates private-equity funds, hedge funds, and provides clearing and custodian bank services.

With a strong reputation for excellence and a commitment to client service, Goldman Sachs has grown to become one of the largest and most influential financial institutions in the world. 

Goldman Sachs Fiscal Q4 2024

Goldman Sachs(GS) had a great year in 2024, with $53.51 billion in total revenue, $14.28 billion in net earnings, and $40.54 earnings per share, which is their second-best ever.

For the fourth quarter of 2024, they had $13.87 billion in revenue and $4.11 billion in earnings.

The earnings per share (EPS) for the fourth quarter was $11.95. The return on equity (ROE) for the year was 12.7%, and for the fourth quarter, it was 14.6%.

Goldman Sachs Q4 Earnings

Global Banking & Markets:

  • Earned $34.94 billion in revenue, thanks to strong performances in Equities and Investment Banking fees.
  • Achieved record revenues in Equities financing and Fixed Income, Currency, and Commodities (FICC) financing.
  • Ranked #1 in announced and completed mergers and acquisitions worldwide.

Goldman Sachs Q4 Earnings

Asset & Wealth Management:

  • Generated $16.14 billion in revenue, with record fees from Management and Private banking and lending.
  • Assets under supervision grew by 12%, reaching $3.14 trillion.

Additionally, their book value per share went up by 7.4% to $336.77.

Overall, Goldman Sachs had a very successful year, with strong performances in various business areas and continued strategic progress.

Board Statements

David Solomon, Chairman and CEO of Goldman Sachs, said, “We’re very happy with our strong results for both the quarter and the year. We’ve met or surpassed most of the goals we set five years ago, increasing our revenues by almost 50% and strengthening our business. With better market conditions and more confident CEOs, we are using the strengths of One Goldman Sachs to serve our clients well and create more value for our shareholders.”

Goldman Sachs also shared an update on their simplified strategy and key goals for 2025 and beyond. These goals are:

  • Using the strengths of One Goldman Sachs to serve clients well
  • Running top-notch, strong, and lasting businesses
  • Investing to grow and operate efficiently.

Impact on the Market

Following the release of Goldman Sachs’ Q4 2024 earnings, the company’s stock price surged by 5%. Investors reacted positively to the $4.11 billion in profit on $13.87 billion in revenue, both of which exceeded expectations. This strong performance contributed to a significant boost in investor confidence, reflecting positively on the stock’s value.

Picture of Shahryar Rahmani
Shahryar Rahmani

CEO and Co-Founder

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