AI English summary of an SEC filing — figures as filed
Goldman Sachs GSThe company reported net revenues of Q2 2024 $12.73 billion, net earnings of $3.04 billion, and diluted earnings per share (EPS) of $8.62 for the quarter ended June 30. It said diluted EPS was $3.08 for Q2 2023 and $11.58 for Q1 2024.
Key points
AI summaryThe company reported net revenues of Q2 2024 $12.73 billion, net earnings of $3.04 billion, and diluted earnings per share (EPS) of $8.62 for the quarter ended June 30. It said diluted EPS was $3.08 for Q2 2023 and $11.58 for Q1 2024.
Goldman Sachs said Global Banking & Markets net revenues were $8.18 billion, 14% higher than in Q2 2023, and Asset & Wealth Management net revenues were $3.88 billion, 27% higher.
The Goldman Sachs Group returned $4.43 billion to common shareholders in Q2, including $3.50 billion of common share repurchases of 8.0 million shares and $929 million of common stock dividends. Its board raised the quarterly dividend from $2.75 to $3.00 per common share effective July 12, 2024.
The company said its provision for credit losses was $282 million in Q2 (compared with $615 million in Q2 2023), and its operating expenses were $8.53 billion, essentially unchanged from Q2 2023 and Q1 2024.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
QQ2 net revenues, net earnings and diluted EPS
The company reported net revenues of Q2 2024 $12.73 billion, net earnings of $3.04 billion, and diluted earnings per share (EPS) of $8.62 for the quarter ended June 30. It said diluted EPS was $3.08 for Q2 2023 and $11.58 for Q1 2024.
Source · Based on the filing body and exhibits
Net revenues by segment in Q2
Goldman Sachs said Global Banking & Markets net revenues were $8.18 billion, 14% higher than in Q2 2023, and Asset & Wealth Management net revenues were $3.88 billion, 27% higher.
Source · Based on the filing body and exhibits
Capital return and dividend increase for Q2
The Goldman Sachs Group returned $4.43 billion to common shareholders in Q2, including $3.50 billion of common share repurchases of 8.0 million shares and $929 million of common stock dividends. Its board raised the quarterly dividend from $2.75 to $3.00 per common share effective July 12, 2024.
Source · Based on the filing body and exhibits
Provision for credit losses and operating expenses in Q2
The company said its provision for credit losses was $282 million in Q2 (compared with $615 million in Q2 2023), and its operating expenses were $8.53 billion, essentially unchanged from Q2 2023 and Q1 2024.
Source · Based on the filing body and exhibits
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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