Goldman Sachs (GS) Tops Q1 EPS by $1.37, Increases Dividend

April 17, 2018 7:36 AM EDT

(Updated - April 17, 2018 7:38 AM EDT)

Goldman Sachs (NYSE: GS) reported Q1 EPS of $6.95, $1.37 better than the analyst estimate of $5.58. Revenue for the quarter came in at $10.04 billion versus the consensus estimate of $8.74 billion.

  • Net revenues of $10.04 billion were 25% higher than the first quarter of 2017 and the highest in three years.
  • Annualized ROE (1) of 15.4% was the highest in over five years.
  • Diluted earnings per common share were $6.95, the third highest quarterly performance.
  • Book value per common share increased by 3.2% during the quarter to $186.73.
  • Investment Banking net revenues of $1.79 billion included the second highest quarterly net revenues in debt underwriting.
  • Institutional Client Services generated net revenues of $4.39 billion. Fixed Income, Currency and Commodities Client Execution and Equities each produced its highest quarterly results in three years.
  • Investment Management produced record quarterly net revenues of $1.77 billion, as assets under supervision (2) increased to a record $1.50 trillion, with net inflows in long-term assets under supervision of $13 billion.

Increases the Quarterly Dividend to $0.80 Per Common Share

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

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