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Mar 31, 2024

Goldman Sachs Q1 2024 Earnings Report

Goldman Sachs reported strong first quarter results, driven by strength across its franchises.

Key Takeaways

Goldman Sachs reported strong Q1 2024 results with net revenues of $14.21 billion and net earnings of $4.13 billion, resulting in a diluted EPS of $11.58. The firm benefited from strong performances in Global Banking & Markets and Asset & Wealth Management, with growth across all segments.

Goldman Sachs reported quarterly net revenues of $14.21 billion, net earnings of $4.13 billion and diluted EPS of $11.58.

Global Banking & Markets generated quarterly net revenues of $9.73 billion, driven by strong performances in Investment banking fees, Fixed Income, Currency and Commodities and Equities.

Asset & Wealth Management generated quarterly net revenues of $3.79 billion, including record quarterly Management and other fees.

Book value per common share increased by 2.4% during the quarter to $321.10.

Total Revenue
$14.2B
Previous year: $12.2B
+16.3%
EPS
$11.6
Previous year: $8.79
+31.7%
Efficiency Ratio
60.9%
Effective Tax Rate
22.4%
Cash and Equivalents
$209B
Previous year: $229B
-8.7%
Free Cash Flow
-$28.5B
Previous year: $8.81B
-424.0%
Total Assets
$1.7T
Previous year: $1.54T
+10.4%

Goldman Sachs

Goldman Sachs

Goldman Sachs Revenue by Segment

Goldman Sachs Revenue by Geographic Location

Forward Guidance

This press release contains forward-looking statements regarding future events, many of which are inherently uncertain and outside of the firm’s control.