NYSE$GS
Goldman Sachs Group Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported earnings per common share of $8.40 for the third quarter.
Goldman Sachs reported net revenues of $12.70 billion and net earnings of $2.99 billion for the third quarter ended September 30, 2024. Diluted earnings per common share (EPS) was $8.40 for the third quarter of 2024.
- Global Banking & Markets generated quarterly net revenues of $8.55 billion, including strong performance in Equities and record quarterly net revenues in Fixed Income, Currency and Commodities (FICC) financing.
- The firm ranked #1 in worldwide announced and completed mergers and acquisitions and common stock offerings for the year-to-date.
- Asset & Wealth Management generated quarterly net revenues of $3.75 billion, including record quarterly Management and other fees.
- Assets under supervision increased $169 billion during the quarter to a record $3.10 trillion.
Headline financials
Revenue & EPS history
Goldman Sachs · Revenue · Quarterly
$12.7B
Revenue by segment
Goldman Sachs · $10.9B total across 3 segments · Q2 2023
- Global Banking & Markets$7.19B-13.8%66.0%
- Asset & Wealth Mgmt$3.05B-4.2%28.0%
- Platform Solutions$659M+92.1%6.0%
Forward guidance
This press release contains forward-looking statements that are subject to various risks and uncertainties.
Tailwinds
- The firm's Investment banking fees backlog increased compared with both the end of the second quarter of 2024 and the end of 2023.
- Higher net revenues in Global Banking & Markets and Asset & Wealth Management.
- Significantly higher net revenues in Debt underwriting, driven by leveraged finance and investment-grade activity, and higher net revenues in Equity underwriting, driven by secondary offerings.
- Higher net revenues in currencies and credit products and higher net revenues in mortgages.
- Significantly higher net revenues in Equities intermediation in both derivatives and cash products.
Headwinds
- Lower net revenues in Platform Solutions.
- Significantly lower net revenues in FICC intermediation, due to significantly lower net revenues in interest rate products and commodities.
- The decrease in Consumer platforms net revenues reflected lower net revenues from the General Motors (GM) credit card program, including a loss related to the planned transitioning of the program to another issuer, partially offset by higher average credit card balances.
- Transaction banking and other net revenues were lower, primarily reflecting mark-downs related to the seller financing loans portfolio that was transferred to held for sale, and lower average deposit balances.
- Information regarding the firm’s assets under supervision, capital ratios, risk-weighted assets, supplementary leverage ratio, balance sheet data, global core liquid assets and VaR consists of preliminary estimates.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+0.1%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+4.1%
Avg return
30 days after
47%
34 / 73 earnings
Positive
+10.7%
Q4 2018
Best reaction
-8.8%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +5.5% | +2.0% | +5.2% | |
| Q1 2026 | -1.0% | +2.0% | +5.2% | |
| Q3 2025 | -2.4% | -4.6% | +2.4% | |
| Q2 2025 | +0.3% | -3.1% | +4.7% | |
| Q1 2025 | +1.9% | +3.0% | +23.7% | |
| Q4 2024 | +7.3% | +9.5% | +15.6% | |
| Q3 2024 | +1.4% | +1.1% | +12.6% | |
| Q2 2024 | +4.8% | +1.1% | +3.9% | |
| Q1 2024 | +1.9% | +3.7% | +19.7% | |
| Q4 2023 | -0.2% | +1.2% | +2.0% | |
| Q3 2023 | -4.0% | -4.6% | +7.1% | |
| Q2 2023 | +4.0% | +6.4% | -3.7% | |
| Q1 2023 | -0.8% | +0.6% | -3.0% | |
| Q4 2022 | -6.7% | -8.6% | -1.0% | |
| Q3 2022 | +1.6% | +6.0% | +23.8% | |
| Q2 2022 | +8.2% | +10.2% | +20.4% | |
| Q1 2022 | +2.5% | +4.3% | -4.7% | |
| Q4 2021 | -8.8% | -9.7% | -8.4% | |
| Q3 2021 | +5.7% | +4.3% | +3.5% | |
| Q2 2021 | -1.6% | -4.1% | +9.1% | |
| Q1 2021 | +3.3% | +4.7% | +12.5% | |
| Q4 2020 | -3.5% | -3.9% | +3.0% | |
| Q3 2020 | -1.0% | -2.4% | +3.9% | |
| Q2 2020 | +0.3% | -1.1% | -2.8% | |
| Q1 2020 | -0.7% | +1.2% | -3.6% | |
| Q4 2019 | +1.7% | +1.5% | -3.5% | |
| Q3 2019 | +0.8% | +0.3% | +6.6% | |
| Q2 2019 | +0.8% | +0.9% | -7.3% | |
| Q1 2019 | -2.9% | -0.9% | -5.5% | |
| Q4 2018 | +10.7% | +12.6% | +10.3% | |
| Q3 2018 | +6.1% | +5.5% | -5.3% | |
| Q2 2018 | -0.1% | +0.1% | +0.7% | |
| Q1 2018 | -1.5% | -2.3% | -7.3% | |
| Q4 2017 | -2.9% | +1.2% | +3.5% | |
| Q3 2017 | -0.2% | +1.0% | -1.3% | |
| Q2 2017 | -2.8% | -4.0% | -3.4% | |
| Q1 2017 | -5.4% | -4.2% | -4.9% | |
| Q4 2016 | -1.8% | -1.3% | +6.2% | |
| Q3 2016 | +3.3% | +3.4% | +24.0% | |
| Q2 2016 | -1.0% | -1.8% | +1.7% | |
| Q1 2016 | +5.0% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | +3.2% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q4 2014 | -1.6% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | +2.1% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | -1.4% | — | — | |
| Q3 2013 | -2.2% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q1 2013 | -4.0% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2012 | -2.0% | — | — | |
| Q3 2011 | -8.4% | — | — | |
| Q2 2011 | -6.2% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q1 2009 | -1.3% | — | — | |
| Q4 2010 | -1.3% | — | — | |
| Q3 2010 | -1.2% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q1 2010 | -0.7% | — | — | |
| Q4 2007 | +1.5% | — | — | |
| Q3 2008 | +1.0% | — | — | |
| Q3 2009 | +1.0% | — | — | |
| Q2 2008 | +1.0% | — | — | |
| Q2 2009 | +1.0% | — | — | |
| Q4 2008 | +1.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro