Table of Contents:
A record quarter for Goldman Sachs
The quarterly season in the United States kicked off with surprising results, and Goldman Sachs stood out for its exceptional performance. The bank reported earnings of 11.95 dollars per share, clearly exceeding LSEG’s estimates of 8.22 dollars. Revenues reached 13.87 billion dollars, also higher than expected by 12.39 billion
dollars.
Growth in wealth management
A key element of Goldman Sachs’ success was its asset and wealth management division, which saw revenues increase by 8%, reaching 4.72 billion dollars.
This increase was supported by a 12% growth in supervised activities, which reached a record of 3,140 billion dollars
.
Winning strategies and optimism for the future
CEO David Solomon expressed great satisfaction with the results obtained, underlining how the bank is harnessing the power of One Goldman Sachs to serve customers and create value for shareholders. With an improving operating environment and growing confidence on the part of CEOs, Goldman Sachs is preparing to continue its expansion and to achieve new goals
.
Performance in trading and investment banking
Stock trading generated revenues of 3.45 billion dollars, exceeding estimates of about 450 million dollars. Fixed income trading also performed well, with revenues of 2.74 billion dollars, exceeding forecasts by almost 300 million dollars. Investment banking fees reached 2.05 billion dollars, further contributing to the bank’s positive results
.
A year of growth and opportunity
Goldman Sachs experienced a year of great growth, with the bank’s shares rising by almost 50% in the last year, outperforming rival banks’ performance. This success was fueled by a cycle of Federal Reserve easing and the election of Donald Trump, which fueled expectations of mergers
and equity transactions.
