earnings
confidence high
sentiment negative
materiality 0.80
Goldman Sachs Q3 EPS $5.47, net revenues $11.82B; announces GreenSky sale
GOLDMAN SACHS GROUP INC
2023-Q3 EPS reported
$17.39
- Net earnings $2.06B, diluted EPS $5.47 (vs $8.25 in Q3 2022); net revenues $11.82B essentially unchanged YoY.
- Global Banking & Markets net revenues $8.01B (+6% YoY); FICC financing record; Equities up 8%.
- Asset & Wealth Management net revenues $3.23B (-20% YoY) due to net losses in equity investments; record management fees $2.41B.
- Operating expenses $9.05B (+18% YoY) included $506M GreenSky intangible write-down and $358M real estate impairments.
- Declared dividend $2.75/share; repurchased 4.2M shares for $1.50B; announced agreements to sell GreenSky and Personal Financial Management.