GS
$228.07
Goldman Sachs Group
$.54
.24%
Earnings Details
2nd Quarter June 2017
Tuesday, July 18, 2017 7:35:00 AM
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Summary

Goldman Sachs Group Beats

Goldman Sachs Group (GS) reported 2nd Quarter June 2017 earnings of $3.95 per share on revenue of $7.9 billion. The consensus earnings estimate was $3.36 per share on revenue of $8.0 billion. The Earnings Whisper number was $3.58 per share. Revenue fell 0.6% compared to the same quarter a year ago.

Goldman Sachs Group Inc is a investment banking, securities and investment management firm. Its segments include Investment Banking, Trading and Principal Investments, Asset Management and Securities Services.

Results
Reported Earnings
$3.95
Earnings Whisper
$3.58
Consensus Estimate
$3.36
Reported Revenue
$7.89 Bil
Revenue Estimate
$7.97 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

GOLDMAN SACHS REPORTS 2017 SECOND QUARTER EARNINGS PER COMMON SHARE OF $3.95

NEW YORK, July 18, 2017 - The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $7.89 billion and net earnings of $1.83 billion for the second quarter ended June 30, 2017. Diluted earnings per common share were $3.95 compared with $3.72 for the second quarter of 2016 and $5.15 for the first quarter of 2017. Annualized return on average common shareholders’ equity (ROE) (1) was 8.7% for the second quarter of 2017 and 10.1% (2) for the first half of 2017.

Highlights



  • Goldman Sachs reported first half net revenues of $15.91 billion, 12% higher than the first half of 2016, which contributed to a 340 basis point improvement in pre-tax margin to 31.7%.
  • The firm ranked first in worldwide announced and completed mergers and acquisitions for the year-to-date. The firm also ranked first in worldwide common stock offerings for the year-to-date.
  • Debt underwriting produced its third highest quarterly performance with net revenues of $721 million.
  • Equities generated its highest quarterly results in two years with net revenues of $1.89 billion, an increase of 13% compared with the first quarter of 2017.
  • Investment Management generated record quarterly management and other fees of $1.28 billion, as assets under supervision (4) increased to a record $1.41 trillion
  • The firm returned nearly $7 billion of capital to common shareholders during the past year. Book value per common share increased by 6.1% from a year ago, including 1.3% during the quarter, to $187.32.
  • The firm maintained strong capital ratios and liquidity. The firm’s Common Equity Tier 1 ratio (6) as calculated in accordance with the Standardized approach and the Basel III Advanced approach was 13.9% (7) and 12.5% (7), respectively, and the firm’s global core liquid assets (4) were $221 billion (7) as of June 30, 2017.


For the full press release, please go here