AI English summary of an SEC filing — figures as filed
Goldman Sachs GSThe company said net earnings for Q3 2024 were $2.99 billion (Q3 2023 $2.06 billion), diluted earnings per share were $8.40 ($5.47 in the year-earlier period), and annualized ROE was 10.4% (7.1% in the year-earlier period).
Key points
AI summaryThe company said net earnings for Q3 2024 were $2.99 billion (Q3 2023 $2.06 billion), diluted earnings per share were $8.40 ($5.47 in the year-earlier period), and annualized ROE was 10.4% (7.1% in the year-earlier period).
Goldman Sachs said net revenues for Q3 2024 were $12.70 billion, 7% higher than in Q3 2023. The company cited higher net revenues in Global Banking & Markets and Asset & Wealth Management and lower net revenues in Platform Solutions.
The company said operating expenses for Q3 2024 were $8.32 billion, 8% lower than a year earlier, and its efficiency ratio was 65.5% (76.6% in the year-earlier period). The company cited the prior-year write-down of $506 million in identifiable intangible assets related to GreenSky as a factor in the decrease.
The company said it returned a total of $1.98 billion to common shareholders in Q3 2024, including $1.00 billion in common share repurchases and $978 million in common stock dividends. As of September 2024, the company said its CET1 capital ratio was 14.6% under the Standardized Capital Rules and 15.5% under the Advanced Capital Rules.
Key figures
Quarter ended September 30, 2024
- Revenue
- $12.7B
- Net income
- $3.0B
- EPS
- $8.40
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.
Goldman Sachs Q3 2024 net earnings $2.99 billion
The company said net earnings for Q3 2024 were $2.99 billion (Q3 2023 $2.06 billion), diluted earnings per share were $8.40 ($5.47 in the year-earlier period), and annualized ROE was 10.4% (7.1% in the year-earlier period).
Source · Based on the MD&A text of the filing
The company Q3 2024 net revenues $12.70 billion
Goldman Sachs said net revenues for Q3 2024 were $12.70 billion, 7% higher than in Q3 2023. The company cited higher net revenues in Global Banking & Markets and Asset & Wealth Management and lower net revenues in Platform Solutions.
Source · Based on the MD&A text of the filing
Goldman Sachs Q3 operating expenses $8.32 billion, efficiency ratio 65.5%
The company said operating expenses for Q3 2024 were $8.32 billion, 8% lower than a year earlier, and its efficiency ratio was 65.5% (76.6% in the year-earlier period). The company cited the prior-year write-down of $506 million in identifiable intangible assets related to GreenSky as a factor in the decrease.
Source · Based on the MD&A text of the filing
The company Q3 shareholder returns $1.98 billion
The company said it returned a total of $1.98 billion to common shareholders in Q3 2024, including $1.00 billion in common share repurchases and $978 million in common stock dividends. As of September 2024, the company said its CET1 capital ratio was 14.6% under the Standardized Capital Rules and 15.5% 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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