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.
The PDF could not be displayed inside the page, click here to open.
For earnings history and earnings-related data on Goldman Sachs (GS) click here.