Goldman Sachs (GS) Tops Q1 EPS by 55c, Revenue Misses

Goldman Sachs (NYSE: GS) reported Q1 EPS of $8.79, $0.55 better than the analyst estimate of $8.24. Revenue for the quarter came in at $12.22 billion versus the consensus estimate of $12.83 billion.

• During the quarter, the firm supported clients and continued to execute on strategic priorities, which contributed to solid quarterly net revenues of $12.22 billion and diluted EPS of $8.79.
• Global Banking & Markets generated quarterly net revenues of $8.44 billion, driven by strong performances in Fixed Income, Currency and Commodities (FICC) and Equities, including record quarterly net revenues in Equities financing.
• The firm ranked #1 in worldwide completed mergers and acquisitions for the year-to-date.2
• Asset & Wealth Management generated quarterly net revenues of $3.22 billion, including record Management and other fees.
• Assets under supervision3,4 increased $125 billion during the quarter to a record $2.67 trillion.
•  Platform Solutions generated quarterly net revenues of $564 million, more than double the amount in the prior year period.
•  Book value per common share increased by 2.3% during the quarter to $310.48.

For earnings history and earnings-related data on Goldman Sachs (GS) click here.

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