From Financial Modeling Prep: 2024-10-15 14:48:00

Goldman Sachs (NYSE:GS) exceeded Q3 expectations, with an EPS of $8.40 (vs. $6.93 forecast) and revenue of $12.7 billion (vs. $11.81 billion). Global Banking & Markets saw $8.55 billion in net revenues, while Asset & Wealth Management generated $3.75 billion, reaching $3.10 trillion in total assets under supervision.

The investment bank maintained its top-ranking position in global M&A and common stock offerings, with fees in this division up by 20% to $1.87 billion. A provision for credit losses of $397 million was reported, with a book value per common share of $332.96 and an annualized return on average common shareholders’ equity of 10.4%.



Read more at Financial Modeling Prep:: Goldman Sachs Tops Q3 Expectations, Shares Gain 3%