Goldman Sachs (GS) Misses Q3 EPS by 2c

October 15, 2019 7:24 AM EDT

(Updated - October 15, 2019 7:26 AM EDT)

Goldman Sachs (NYSE: GS) reported Q3 EPS of $4.79, $0.02 worse than the analyst estimate of $4.81. Revenue for the quarter came in at $8.32 billion versus the consensus estimate of $8.31 billion.

  • The firm ranked #1 in worldwide announced and completed mergers and acquisitions for the year-to-date2. The firm also ranked #1 in worldwide equity and equity-related offerings, common stock offerings and initial public offerings for the yearto-date2.
  • Investing & Lending net revenues included record quarterly net interest income in debt securities and loans of $891 million.
  • Investment Management net revenues included record quarterly management and other fees of $1.46 billion. Assets under supervision3,4 increased $102 billion5 during the quarter to a record $1.76 trillion.
  • Book value per common share was $218.82, 2.2% higher compared with the end of the second quarter of 2019 and 10.9% higher compared with the end of the third quarter of 2018.

“Our results through the third quarter reflect the underlying strength of our global client franchise and its ability to produce solid results in the context of a mixed operating environment. We continue to execute on our strategic priorities, including investing in important growth opportunities in our existing and new businesses and in delivering for our clients in the most efficient and effective manner possible. We believe that this focus will best position the firm to generate long-term, industry-leading returns for our shareholders.” - David M. Solomon, Chairman and Chief Executive Officer

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

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