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AI English summary of an SEC filing — figures as filed

Goldman Sachs logoGoldman Sachs GS

The company reported net revenues of $12.70 billion, net earnings of $2.99 billion and diluted earnings per share (EPS) of $8.40 for the quarter ended September 30, Q3 2024. Diluted EPS was $5.47 in Q3 2023 and $8.62 in Q2 2024.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company reported net revenues of $12.70 billion, net earnings of $2.99 billion and diluted earnings per share (EPS) of $8.40 for the quarter ended September 30, Q3 2024. Diluted EPS was $5.47 in Q3 2023 and $8.62 in Q2 2024.

  2. The company said net revenues in Global Banking & Markets were $8.55 billion in Q3, 7% higher than in Q3 2023. Asset & Wealth Management net revenues were $3.75 billion, 16% higher. Platform Solutions net revenues were $391 million, 32% lower.

  3. The company said its provision for credit losses was $397 million in Q3 2024, compared with $7 million in Q3 2023 and $282 million in Q2 2024. Operating expenses in the same quarter were $8.32 billion, 8% lower than in Q3 2023 and 3% lower than in Q2.

  4. The company returned $1.98 billion to common shareholders in Q3, including common share repurchases of 2.0 million shares at an average cost of $489.50, totaling $1.00 billion, and common stock dividends of $978 million. On October 11, 2024, its Board of Directors declared a dividend of $3.00 per common share.

Summary

AI-written

Analysis 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.

Goldman Sachs reports Q3 2024 net revenues of $12.70 billion and net earnings of $2.99 billion

The company reported net revenues of $12.70 billion, net earnings of $2.99 billion and diluted earnings per share (EPS) of $8.40 for the quarter ended September 30, Q3 2024. Diluted EPS was $5.47 in Q3 2023 and $8.62 in Q2 2024.

Source · Based on the filing body and exhibits

Global Banking & Markets net revenues of $8.55 billion; Asset & Wealth Management $3.75 billion

The company said net revenues in Global Banking & Markets were $8.55 billion in Q3, 7% higher than in Q3 2023. Asset & Wealth Management net revenues were $3.75 billion, 16% higher. Platform Solutions net revenues were $391 million, 32% lower.

Source · Based on the filing body and exhibits

Credit loss provision of $397 million and operating expenses of $8.32 billion in Q3

The company said its provision for credit losses was $397 million in Q3 2024, compared with $7 million in Q3 2023 and $282 million in Q2 2024. Operating expenses in the same quarter were $8.32 billion, 8% lower than in Q3 2023 and 3% lower than in Q2.

Source · Based on the filing body and exhibits

Common shareholder returns of $1.98 billion in Q3; dividend of $3.00 per share declared

The company returned $1.98 billion to common shareholders in Q3, including common share repurchases of 2.0 million shares at an average cost of $489.50, totaling $1.00 billion, and common stock dividends of $978 million. On October 11, 2024, its Board of Directors declared a dividend of $3.00 per common share.

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.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.