AI English summary of an SEC filing — figures as filed
Goldman Sachs GSThe company said net earnings for Q1 2024 were $4.13 billion ($3.23 billion a year earlier), and diluted earnings per share (EPS) were $11.58 ($8.79 a year earlier). Annualized return on equity (ROE) was 14.8%, compared with 11.6% a year earlier.
Key points
AI summaryThe company said net earnings for Q1 2024 were $4.13 billion ($3.23 billion a year earlier), and diluted earnings per share (EPS) were $11.58 ($8.79 a year earlier). Annualized return on equity (ROE) was 14.8%, compared with 11.6% a year earlier.
Goldman Sachs said net revenues for Q1 2024 were $14.21 billion, 16% higher than in Q1 2023. It said net revenues rose in all segments: Global Banking & Markets, Asset & Wealth Management and Platform Solutions.
The company said operating expenses for Q1 2024 were $8.66 billion, 3% higher than in Q1 2023, and its efficiency ratio was 60.9%, compared with 68.7% a year earlier. It cited an incremental FDIC special assessment fee expense of $78 million (pre-tax) as a factor in the increase in operating expenses.
The company said it returned a total of $2.43 billion of capital to common shareholders in Q1 2024, including $1.50 billion of common share repurchases and $929 million of common stock dividends. As of March 2024, its CET1 capital ratio was 14.6% under the Standardized Capital Rules and 15.9% under the Advanced Capital Rules.
Key figures
Quarter ended March 31, 2024
- Revenue
- $14.2B
- Net income
- $4.1B
- EPS
- $11.58
- Operating cash flow
- −$28.0B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q1 2024 Net Earnings, EPS and ROE
The company said net earnings for Q1 2024 were $4.13 billion ($3.23 billion a year earlier), and diluted earnings per share (EPS) were $11.58 ($8.79 a year earlier). Annualized return on equity (ROE) was 14.8%, compared with 11.6% a year earlier.
Source · Based on the MD&A text of the filing
Net Revenues Up $14.21 billion, Higher in All Segments
Goldman Sachs said net revenues for Q1 2024 were $14.21 billion, 16% higher than in Q1 2023. It said net revenues rose in all segments: Global Banking & Markets, Asset & Wealth Management and Platform Solutions.
Source · Based on the MD&A text of the filing
Operating Expenses and FDIC Special Assessment
The company said operating expenses for Q1 2024 were $8.66 billion, 3% higher than in Q1 2023, and its efficiency ratio was 60.9%, compared with 68.7% a year earlier. It cited an incremental FDIC special assessment fee expense of $78 million (pre-tax) as a factor in the increase in operating expenses.
Source · Based on the MD&A text of the filing
Capital Return and CET1 Ratios
The company said it returned a total of $2.43 billion of capital to common shareholders in Q1 2024, including $1.50 billion of common share repurchases and $929 million of common stock dividends. As of March 2024, its CET1 capital ratio was 14.6% under the Standardized Capital Rules and 15.9% under the Advanced Capital Rules.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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