Revenue segments as reported by the company.

Investment banking

Investment management

Commissions and fees

Market making

Other principal transactions

Net interest income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision for credit losses

Compensation and benefits

Transaction based

Market development

Communications and technology

Depreciation and amortization

Occupancy

Professional fees

Other expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Goldman Sachs

Marcus by Goldman Sachs is an online bank which gives out personal loans up to $40,000 and offers high-yield online savings accounts with a 1.6% annual percentage yield. As of December 2017, Marcus is serving 500,000 customers, has about $20 billion in deposits, and has given out about $2.3 billion in loans.

Marcus

Clarity Money is a personal finance startup, to be added to its Marcus by Goldman Sachs roster. This acquisition is expected to add over 1 million customers to the Marcus business. Eventually, the application will be rebranded as Marcus. The app provides insights aimed improve our customers’ financial health.

Clarity Money

The Goldman Sachs Group, Inc. engages in the provision of financial services. It operates through the following business segments: Global Banking and Markets, Asset and Wealth Management, and Platform Solutions. The Global Banking and Markets segment includes investment banking, global investments, and equity and debt investments. The Asset and Wealth Management segment relates to the direct-to-consumer banking business which includes lending, deposit-taking, and investing. The Platform Solutions segment includes consumer platforms such as partnerships offering credit cards and point-of-sale financing, and transaction banking. The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Goldman Sachs reports solid Q4 performance amidst challenges and opportunities

Goldman Sachs navigated challenges in Q4 2022 while focusing on strategic actions like headcount reduction and consumer strategy adjustments. The firm aims to adapt to regulatory changes, execute strategic initiatives, and drive profitability in various business segments.

Goldman Sachs reports solid Q1 results amidst market disruptions

Goldman Sachs navigated a volatile quarter with resilience, focusing on capital return strategies and customer growth. The firm is strategically positioning itself in key markets and exploring opportunities in wealth management. Challenges from market disruptions and economic uncertainty are being addressed through cost-saving initiatives and strategic decisions.

Goldman Sachs faces challenges but pursues strategic growth opportunities

Goldman Sachs navigated challenges in Q2 2023, focusing on strategic actions to improve returns and capitalize on future opportunities. The firm aims to optimize capital deployment, reduce expenses, and enhance client offerings while monitoring Basel III revisions.

Goldman Sachs reports solid Q3 earnings amidst economic uncertainties

Goldman Sachs delivered solid financial results in Q3, driven by strong performance in its core segments and a focus on strategic asset sales.
While facing challenges like economic uncertainties and regulatory concerns, the firm remains committed to improving efficiency and capital management.
With a cautious credit outlook but optimism in trading revenues and market activities, Goldman Sachs is strategically positioning for future growth and profitability.

Goldman Sachs excels in 2023 with record revenues and strategic focus

Goldman Sachs had a dynamic year in 2023, focusing on core businesses, achieving strong financial results, and demonstrating expertise in fundraising. While facing regulatory challenges and capital allocation uncertainties, the firm remains committed to client service excellence and operational efficiency.

Goldman Sachs excels in Q1 with record assets and strategic focus

Goldman Sachs delivers strong Q1 results, driven by growth in Asset & Wealth Management and Global Banking & Markets segments, with a focus on innovation and client trust.
Challenges in regulatory changes and transaction banking expansion require strategic adjustments, while opportunities in capital markets and client relationships offer avenues for growth.
The firm's commitment to sustainable dividend growth, capital deployment flexibility, and profitability underscores a balanced approach to value creation and strategic execution.
Overall, Goldman Sachs showcases resilience in a dynamic market environment, positioning itself for continued growth and profitability through strategic focus and client-centric initiatives.

Goldman Sachs excels in Q2 with record revenues and strategic growth

Goldman Sachs reported strong financial results, showcasing growth in key segments and effective capital management.
Despite challenges from geopolitical instability and regulatory engagement, the firm remains well-positioned to navigate uncertainties.
The focus on innovation, client relationships, and financial discipline underpins Goldman Sachs' resilience and competitive edge.
Strategic initiatives in fundraising, shareholder returns, and technology adoption position the firm for sustainable growth and value creation.

Goldman Sachs reports robust Q3 earnings, eyes growth amid regulations

Goldman Sachs delivered strong financial performance in Q3 2024 across its segments, particularly excelling in Global Banking & Markets and Asset & Wealth Management. While facing regulatory challenges, the company is proactively managing capital deployment and focusing on strategic initiatives for growth and margin improvement.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

A slump in trading and muted M&A volumes are expected to have affected Goldman's (GS) Q3 earnings. The sale of the GreenSky platform is expected to decrease Q3 earnings per share by 19 cents.

Muted Trading, GreenSky Sale to Ail Goldman's (GS) Q3 Earnings

Goldman Sachs appears headed to another set of weak quarterly earnings as deal-making lags and the bank retreats from a loss-making consumer business. Goldman is expected to report third-quarter earnings per share (EPS) of $5.31 when it reports results on Tuesday, according to average estimates compiled by LSEG.

Goldman Sachs seen headed to steep earnings drop as deal-making lags

KUALA LUMPUR, Malaysia (AP) — The Malaysian government questioned Thursday a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund.

Malaysia says Goldman arbitration suit is premature

Bank of America

Citigroup

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

JPMorgan, Wells Fargo and Citigroup will report third-quarter results on Friday, followed by others next week.

What Will Bank Earnings Say About the Economy?

Malaysia's 1MDB task force said on Thursday it viewed Goldman Sachs' filing of arbitration proceedings against the country as premature, as both parties were still in the stage of good-faith discussions to resolve any dispute amicably.

Goldman Sachs arbitration over 1MDB settlement "premature", Malaysia says

Goldman Sachs Group has sued Malaysia in a British arbitration court, as tensions escalate over a settlement agreement on the bank's role in the massive 1MDB corruption scandal.

Explainer: Goldman Sachs and its role in the multi-billion dollar 1MDB scandal

Goldman Sachs has announced the sale of its GreenSky platform and associated loan assets to a consortium of institutional investors led by global investment firm Sixth Street. The transaction is expected to be completed in the first quarter of 2024, subject to standard closing conditions, the global financial institution said in a Wednesday (Oct. 11) press release.

Goldman Sachs Sells GreenSky Platform and Loan Assets

Goldman Sachs Group sued Malaysia in a UK court on Wednesday, as tensions escalate over a settlement agreement on the bank's role in the multi-billion dollar 1MDB corruption scandal.

Goldman Sachs sues Malaysia over 1MDB settlement

Goldman Sachs Group Inc (NYSE: GS) just warned of a notable hit to its third-quarter earnings. Its shares are down nearly 1.0% at writing.

Goldman Sachs just warned of a hit to its Q3 earnings: here's why

The sale of GreenSky to a group of investors marks a critical step in the Wall Street bank's retreat from consumer lending.

Goldman Sachs Finalizes Deal to Offload Specialty Lender at Steep Loss

Goldman Sachs Group Inc. said Wednesday it has agreed to sell its GreenSky consumer-lending unit in a transaction that will impact its third-quarter earnings by 19 cents a share.

Goldman Sachs sells GreenSky consumer-lending unit to specialty finance firm Sixth Street

Goldman Sachs has agreed to sell GreenSky, its home improvement lender, and associated loans to a consortium led by investment firm Sixth Street Partners, it said on Wednesday.

Goldman Sachs agrees to sell GreenSky to Sixth Street-led consortium

Goldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of investors led by private equity firm Sixth Street. The deal, which includes a book of loans created by Goldman, will result in a 19 cents per share reduction in third-quarter results, Goldman said in the statement.

Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSky

PNC Financial Services

U.S. Bancorp

Rising interest rates have boosted earnings for U.S. banks in recent quarters. But their upcoming third-quarter earnings reports likely will disclose how that past boon has morphed into a burgeoning barrier to growth.

Rising Rates Turn From Friend to Foe for U.S. Banks

Amgen

Blackrock Inc

ConocoPhillips

Johnson & Johnson

Coca-Cola

MetLife

Altria

NextEra Energy

Paychex

Pfizer

Phillips 66

Sempra Energy

Texas Instruments

Vanguard High Dividend Yield ETF

There are 20 stocks on my high yield watchlist for October 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks underperformed the Vanguard High Yield Dividend ETF by about 0.50% during the month of September.

High Yield Stock Watchlist - October 2023

Goldman (GS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Goldman Sachs (GS) Q3 Earnings Expected to Decline

The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key driver of earnings for banks, has been boosted by the Federal Reserve's benchmark rate hikes over the last 18 months.

Slowing Loan Growth Expected to Squeeze Big US Banks' Profits

Major global deal-makers, including Morgan Stanley (MS), Goldman Sachs (GS) and JPMorgan (JPM), are seeing a reversal in M&A activities.

Global Deal-Making Rebound in Q3: Will It be Sustainable?

SPDR S&P Regional Banking ETF

Financial Select Sector SPDR Fund

JPMorgan Chase & Co. Chief Executive Jamie Dimon acknowledged the tragedy of bloodshed in Israel and said bank employees remained safe over the weekend, as bank stocks fell more deeply into the red than the broad market on Monday.

JPMorgan's Jamie Dimon says bank employees safe over the weekend; bank stocks fall on heels of Israel-Hamas war

Navient

State Street

After more than a three-year hiatus, those who are part of the more than $1.7 trillion in outstanding student loan debt now need to resume payments that were halted. While some financial institutions do not have much exposure to the student loan market, others have been active in providing loans.

4 Top Banks Stocks As Student Loan Payments Resume

Profit updates from the U.S.'s largest banks are expected to fare better than their stock price weakness would suggest when third-quarter earnings season kicks off this coming Friday.

Bank earnings await after a weak quarter for stock prices, but the biggest names remain more favored

When we think of investment banks (IBs), two names immediately come to our minds – Morgan Stanley MS and Goldman Sachs GS. Both MS and GS are the leading providers of underwriting and advisory services.

MS vs. GS: Which Stock Deserves Your Attention More?

American Electric Power Company

Dominion Energy

Entergy

FirstEnergy

Truist Financial

Subscribers to  Chart of the Week  received this commentary on Sunday, October 1.

2 Sectors to Watch Before Halloween

SPDR S&P Bank ETF

You might have expected financial stocks to be among the worst performers in the S&P 500 this year, in light of three high-profile bank failures, the pressure from the decline in market values for banks' bond holdings and the competition for deposits as interest rates have risen. But the financial sector is down 2.8% this year with dividends reinvested.

Here's what to expect when banks report earnings, and how cheap their stocks are now

Goldman Sachs offers a 3.6% dividend with solid growth but falls below the sector's median yield. GS is an investment bank with limited lending exposure, showing resilience despite recent share price declines. While maintaining a strong balance sheet, GS faces potential challenges in the current economic environment, making it a hold for now, with possible buying opportunities in the future.

News for Goldman Sachs Stock (GS)