Goldman Sachs (GS) Misses Q1 EPS by 16c; Raises Qtr Dividend to $0.75/Sh

April 18, 2017 7:36 AM EDT

Goldman Sachs (NYSE: GS) reported Q1 EPS of $5.15, $0.16 worse than the analyst estimate of $5.31. Revenue for the quarter came in at $8.03 billion versus the consensus estimate of $8.45 billion.

  • Goldman Sachs ranked first in worldwide announced mergers and acquisitions for the year-to-date
  • The firm also ranked first in worldwide equity and equity-related offerings and common stock offerings for the year-to-date.
  • Investing & Lending generated net revenues of $666 million from debt securities and loans, its highest quarterly performance in nearly four years.
  • Book value per common share increased by 1.4% during the quarter to $184.98.
  • The firm maintained strong capital ratios and liquidity. The firm’s Common Equity Tier 1 ratio as calculated in accordance with the Standardized approach and the Basel III Advanced approach was 14.2% and 12.9%, respectively, and the firm’s global core liquid assets were $222 billion as of March 31, 2017.

“The operating environment was mixed, with client activity challenged in certain market-making businesses and a more attractive backdrop for underwriting in our investment banking franchise,” said Lloyd C. Blankfein, Chairman and Chief Executive Officer. “As the economy improves, we are wellpositioned to not only meet our clients’ diverse needs, but also to generate operating leverage for our shareholders.”

On April 17, 2017, the Board of Directors of The Goldman Sachs Group, Inc. (Board) increased the firm’s quarterly dividend to $0.75 per common share from $0.65 per common share. The dividend will be paid on June 29, 2017 to common shareholders of record on June 1, 2017.

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

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