Goldman Sachs (GS) Tops Q2 EPS by $1.09

July 18, 2022 7:25 AM EDT

(Updated - July 18, 2022 7:28 AM EDT)

Goldman Sachs (NYSE: GS) reported Q2 EPS of $7.73, $1.09 better than the analyst estimate of $6.64. Revenue for the quarter came in at $11.86 billion versus the consensus estimate of $10.85 billion.

During the quarter, the firm continued to support clients amid an evolving macroeconomic environment and generated solid quarterly net revenues of $11.86 billion, net earnings of $2.93 billion and diluted EPS of $7.73.

 Investment Banking generated quarterly net revenues of $2.14 billion, including strong net revenues in Financial advisory. The firm ranked #1 in worldwide announced and completed mergers and acquisitions and in worldwide equity and equityrelated offerings and common stock offerings for the year-to-date.2

 Global Markets generated quarterly net revenues of $6.47 billion, reflecting strong performances in both Fixed Income, Currency and Commodities (FICC) and Equities, particularly in financing.

 Consumer & Wealth Management generated record quarterly net revenues of $2.18 billion, 25% higher than the second quarter of 2021.

 Firmwide assets under supervision3,4 increased $101 billion during the quarter, including inflows of $305 billion from the acquisition of NN Investment Partners (NNIP)5, to a record $2.50 trillion. Firmwide Management and other fees were a record $2.23 billion for the second quarter of 2022, 22% higher than the second quarter of 2021.

 Book value per common share increased by 2.9% during the quarter and 6.2% during the first half of 2022 to $301.88.

 On July 14, 2022, the Board of Directors of The Goldman Sachs Group, Inc. approved a 25% increase in the quarterly dividend to $2.50 per common share beginning in the third quarter of 2022.

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

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Hot Earnings

Related Entities

Goldman Sachs, Earnings, Definitive Agreement