Goldman Sachs Posts Q3 EPS of $17.01, Topping Expectations
GS sits 23% above its 52-week low of $740.01.
Summary
Goldman Sachs reported Q3 EPS of $17.01, a strong result that follows record Q2 revenue of $20.34B and net earnings of $6.63B. The figure comes after CEO David Solomon warned in September that FICC revenue would be slightly softer in Q3 versus a strong equities quarter, making the beat notable. The bank has been expanding via acquisitions, including Neos Investments for up to $2.25B and LCN Capital Partners for up to $4B, signaling continued investment in asset management and private credit. This earnings print provides the first hard number on Q3 performance and will likely drive near-term positioning in the stock. Q3 annualized return on common equity was 18.7%, book value per share was $372.64, and Global Banking & Markets revenue was $13.46B, up 32%. FICC revenue was $3.47B, investment-banking fees were $3.22B, up 21%, and equities revenue was $6.44B, up 72%. The bank declared a $5.00 per share dividend payable December 30 to shareholders of record December 2, and repurchased $3.00 billion of common stock in Q3.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Goldman Sachs declared a $5.00 per share dividend payable December 30 to shareholders of record December 2, and repurchased $3.00 billion of common stock in Q3.
At the time of this announcement, GS was trading at $908.61 on NYSE in the Finance sector, with a market capitalization of approximately $260.3B. The 52-week trading range was $740.01 to $1,153.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.