Goldman Sachs Reports 2024 Third Quarter Earnings Per Common Share of $8.40 and Annualized Return on Common Equity of 10.4%

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"Goldman Sachs Reports 2024 Third Quarter Earnings Per Common Share of $8.40 and Annualized Return on Common Equity of 10.4%"

"NEW YORK, October 15, 2024&nbsp;–&nbsp;The Goldman Sachs Group, Inc. (NYSE: GS) today 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 and annualized return on average common shareholders’ equity (ROE) was 10.4% for the third quarter of 2024.&nbsp;&nbsp;\r\nPlease view printable versions of the&nbsp;<a href=\"/content/dam/gs/gscom/pressroom/press-releases/current/pdfs/2024-q3-results.pdf\">Third Quarter 2024 Earnings Results</a>&nbsp;[PDF] and the&nbsp;<a href=\"/content/dam/gs/gscom/pressroom/press-releases/current/pdfs/2024-q3-earnings-results-presentation.pdf\">Third Quarter 2024 Earnings Results Presentation</a>&nbsp;[PDF].&nbsp;\r\nDavid Solomon, Chairman and CEO of Goldman Sachs, said,&nbsp;“Our performance demonstrates the strength of our world-class franchise in an improving operating environment. We continue to lean into our strengths – exceptional talent, execution capabilities and risk management expertise – allowing us to effectively serve our clients against a complex backdrop and deliver for shareholders.”\r\nSelected items related to the execution of Goldman Sachs’ narrowed strategic focus, in addition to the FDIC special assessment fee, impacted the firm’s results for the third quarter of 2024. These items reduced net earnings by $204 million, EPS by $0.62, and ROE by 0.8 percentage points for the third quarter of 2024.\r\nA conference call to discuss the firm’s financial results, outlook and related matters will be held at 9:30 am (ET) on the date noted above. The call will be open to the public.\r\nMembers of the public who would like to listen to the conference call should dial +1-800-289-0459 (in the U.S.) and +1-323-794-2095 (outside the U.S.) passcode number 7042022. The number should be dialed at least 10 minutes prior to the start of the conference call. The conference call will also be accessible as an audio webcast through the Investor Relations section of the website, <a href=\"/content/gs/gscom/investor-relations\">www.goldmansachs.com/investor-relations</a>. There is no charge to access the call. For those unable to listen to the live broadcast, a replay will be available on our website beginning approximately three hours after the event.\r\nPlease direct any questions regarding obtaining access to the conference call to\r\nGoldman Sachs Investor Relations, via e-mail, at <a href=\"mailto:gs-investor-relations@gs.com\">gs-investor-relations@gs.com</a>.\r\n"

NEW YORK, October 15, 2024&nbsp;–&nbsp;The Goldman Sachs Group, Inc. (NYSE: GS) today 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 and annualized return on average common shareholders’ equity (ROE) was 10.4% for the third quarter of 2024.&nbsp;&nbsp;
Please view printable versions of the&nbsp;<a href="/pressroom/press-releases/current/pdfs/2024-q3-results.pdf">Third Quarter 2024 Earnings Results</a>&nbsp;[PDF] and the&nbsp;<a href="/pressroom/press-releases/current/pdfs/2024-q3-earnings-results-presentation.pdf">Third Quarter 2024 Earnings Results Presentation</a>&nbsp;[PDF].&nbsp;
David Solomon, Chairman and CEO of Goldman Sachs, said,&nbsp;“Our performance demonstrates the strength of our world-class franchise in an improving operating environment. We continue to lean into our strengths – exceptional talent, execution capabilities and risk management expertise – allowing us to effectively serve our clients against a complex backdrop and deliver for shareholders.”
Selected items related to the execution of Goldman Sachs’ narrowed strategic focus, in addition to the FDIC special assessment fee, impacted the firm’s results for the third quarter of 2024. These items reduced net earnings by $204 million, EPS by $0.62, and ROE by 0.8 percentage points for the third quarter of 2024.
A conference call to discuss the firm’s financial results, outlook and related matters will be held at 9:30 am (ET) on the date noted above. The call will be open to the public.
Members of the public who would like to listen to the conference call should dial +1-800-289-0459 (in the U.S.) and +1-323-794-2095 (outside the U.S.) passcode number 7042022. The number should be dialed at least 10 minutes prior to the start of the conference call. The conference call will also be accessible as an audio webcast through the Investor Relations section of the website, <a href="/investor-relations">www.goldmansachs.com/investor-relations</a>. There is no charge to access the call. For those unable to listen to the live broadcast, a replay will be available on our website beginning approximately three hours after the event.
Please direct any questions regarding obtaining access to the conference call to
Goldman Sachs Investor Relations, via e-mail, at <a href="mailto:gs-investor-relations@gs.com">gs-investor-relations@gs.com</a>.

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