The company said net earnings for Q2 2024 were $3.04 billion and diluted earnings per share (EPS) were $8.62. For Q2 2023, they were $1.22 billion and $3.08, respectively.

10-QQuarterly reportFiled Aug 2, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said net earnings for Q2 2024 were $3.04 billion and diluted earnings per share (EPS) were $8.62. For Q2 2023, they were $1.22 billion and $3.08, respectively.
Goldman Sachs said net revenues for Q2 2024 were $12.73 billion, 17% higher than in Q2 2023. Investment banking revenues were $1.73 billion, 21% higher.
The company said operating expenses for Q2 2024 were $8.53 billion, essentially unchanged from Q2 2023, and its efficiency ratio was 67.0% compared with 78.4% for Q2 2023.
Goldman Sachs said it returned a total of $4.43 billion to common shareholders in Q2 2024, including $3.50 billion of share repurchases and $929 million of dividends. Its CET1 capital ratios as of June 2024 were 14.9% under the Standardized rules and 15.9% under the Advanced rules.

Key figures

Quarter ended June 30, 2024

Revenue: $12.7B
Net income: $3.0B
EPS: $8.62

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis 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.

Q2 2024 net earnings and EPS

The company said net earnings for Q2 2024 were $3.04 billion and diluted earnings per share (EPS) were $8.62. For Q2 2023, they were $1.22 billion and $3.08, respectively.

Source · Based on the MD&A text of the filing

Net Revenues and Investment Banking Revenues in Q2

Goldman Sachs said net revenues for Q2 2024 were $12.73 billion, 17% higher than in Q2 2023. Investment banking revenues were $1.73 billion, 21% higher.

Source · Based on the MD&A text of the filing

Operating Expenses and Efficiency Ratio

The company said operating expenses for Q2 2024 were $8.53 billion, essentially unchanged from Q2 2023, and its efficiency ratio was 67.0% compared with 78.4% for Q2 2023.

Source · Based on the MD&A text of the filing

Q2 Shareholder Returns and CET1 Capital Ratios

Goldman Sachs said it returned a total of $4.43 billion to common shareholders in Q2 2024, including $3.50 billion of share repurchases and $929 million of dividends. Its CET1 capital ratios as of June 2024 were 14.9% under the Standardized rules and 15.9% under the Advanced 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.

View the original filing on SEC EDGAR ↗

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