Goldman Sachs (GS) Posts Q3 EPS of $4.57; Boosts Qtr. Dividend to 60c/Share

October 16, 2014 7:35 AM

(Updated - October 16, 2014 7:38 AM EDT)

Goldman Sachs (NYSE: GS) reported Q3 EPS of $4.57, $1.38 better than the analyst estimate of $3.19. Revenue for the quarter came in at $8.39 billion versus the consensus estimate of $7.69 billion.

“The combination of improving economic conditions in the U.S. and a strong global franchise continued to drive client activity across our diverse set of businesses,” said Lloyd C. Blankfein, Chairman and Chief Executive Officer. “While conditions and sentiment can shift quickly, the strength of our transaction backlog indicates our clients’ desire to pursue and execute their strategic plans for growth.”

Highlights

Capital

As of September 30, 2014, total capital was $247.58 billion, consisting of $82.28 billion in total shareholders’ equity (common shareholders’ equity of $73.08 billion and preferred stock of $9.20 billion) and $165.30 billion in unsecured long-term borrowings. Book value per common share was $161.38 and tangible book value per common share (3) was $151.70, both approximately 2% higher compared with the end of the second quarter of 2014. Book value per common share and tangible book value per common share are based on common shares outstanding, including restricted stock units granted to employees with no future service requirements, of 452.8 million as of September 30, 2014.

Other Balance Sheet and Liquidity Metrics

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

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