Goldman Sachs (GS) Q4 2024 Earnings


Goldman Sachs Chairman and CEO David Solomon speaks on CNBC’s Squawk Box during the World Economic Forum Annual Meeting on January 17, 2024 in Davos, Switzerland.

Adam Galich | CNBC

Goldman Sachs Fourth-quarter results reported on Wednesday topped expectations, with trading revenue stronger than expected.

Here’s what the company reports:

  • Earnings per share: $11.95 vs. $8.22 expected by LSEG
  • Revenue: $13.87 billion, vs. $12.39 billion expected

Goldman Sachs is riding a wave of enthusiasm as Wall Street trade rebounds.

The bank’s shares rose nearly 50% last year, outperforming its big bank rivals, as the Federal Reserve’s easing cycle and Donald Trump’s election in November raised expectations for mergers and stock trading.

Goldman Sachs’ fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are expected to see double-digit percentage increases. The sector’s investment banking revenue rose 29% in the quarter, driven by growing advisory and equity capital markets activity, according to Dealogic.

Additionally, activity in the stock market late last year should boost results from the company’s asset and wealth management division, C.E.O. David Solomon Known as the company’s growth engine.

For Solomon, things are very different now than they were a year ago after an ill-fated shift away from strategic focus. March into Enter consumer finance. At the time, Salomon was under pressure to appease internal stakeholders, including Goldman Sachs partners, as losses related to consumer finance mounted and Wall Street trading dried up due to rising interest rates and heightened regulatory scrutiny.

JPMorgan Chase and Wells Fargo and Citigroupalthough Bank of America and Morgan Stanley are due to report on Thursday.

This story is developing. Please check back for updates.



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