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

Having gained almost 30% since hitting a low of $135 on March 23, Goldman Sachs’ stock (NYSE: GS) may yet gain some more. Our belief stems from the fact that Goldman Sachs’ stock remains about 25% lower than the level it was at the beginning of 2020 as well as at the end of 2016.

Goldman Sachs’ Stock Is Up Nearly 30% Since March 23; Is The Rally Over?

The most notable stock sale in Berkshire Hathaway's first quarter caught many by surprise.

Warren Buffett Just Dumped Goldman Sachs -- Here's Why I'm Not Selling

Amazon

JPMorgan Chase & Co

Of Berkshire Hathaway's 22 purchases or sales in the first quarter, these three were, by far, the biggest shock.

Warren Buffett's 3 Most Surprising Moves in Q1

U.S. Bancorp

Bank of New York Mellon

Amid a challenging operating backdrop, Warren Buffett is divesting bank stocks from his investment portfolio.

Warren Buffett Cuts Stake in Bank Stocks on Coronavirus Woes

A regulatory filing on Friday revealed Berkshire Hathaway (NYSE:BRK.B) to have slashed its investment in Goldman Sachs by 84% in the first quarter. At the start of Q1, Warren Buffett’s company had 12 million shares of Goldman Sachs.

Berkshire Hathaway slashes its stake in Goldman Sachs by 84%

Phillips 66

Travelers

Berkshire Hathaway has added a big reduction in its holdings of Goldman Sachs, Phillips 66 and Travelers shares to its exit from battered airline stocks.

Berkshire Sells Stakes in Phillips 66, Travelers and Goldman

Buffett sold 84% of his stake in Goldman Sachs, a longtime holding.

Buffett Sells More Stocks, Including Goldman Sachs, With No ‘Elephant-Sized’ Acquisition On The Horizon

Warren Buffett's Berkshire Hathaway sold off 84% of its stake in Goldman Sachs during the first quarter, according to a regulatory filing.

Warren Buffett's Berkshire Hathaway sells majority of stake in Goldman Sachs

American Airlines

Delta Air Lines

Southwest Airlines

PNC Financial Services

United Continental Hlds

Berkshire Hathaway's quarterly portfolio holdings provide some interesting color, even though we already knew about some of its CEO's subsequent decisions.

3 Big Revelations from Warren Buffett's Latest Investing Moves

Warren Buffett's Berkshire Hathaway Inc. has trimmed its exposure to banks

Buffett's Berkshire Hathaway trims exposure to banks, sells out of Travelers

The acquisition of Folio Financial is likely to bolster Goldman Sachs' (GS) wealth management unit.

Goldman's Folio Financial Buyout to Aid Wealth Management Arm

Shares of Goldman Sachs Group Inc.  slipped 0.4% in morning trading Friday, even as BMO Capital analyst James Fotheringham turned bullish, citing a strong capital position, relatively small loan book and limited reliance on spread income.

Goldman Sachs upgraded at BMO, with price target rising 35%

Chevron

EOG Resources

Occidental Petroleum

Pioneer Natural Resources

Exxon Mobil

On Thursday, WTI crude futures marked their highest finish since Apr 3.

4 Reasons Why U.S. Oil Prices Moved 9% Higher on May 14

It's the second such acquisition in as many years for the investment bank.

Goldman Sachs Buying Financial Services Boutique Folio Financial

NEW YORK, May 14, 2020 /PRNewswire-HISPANIC PR WIRE/ -- Goldman Sachs (NYSE: GS) has selected Squire Technologies to participate in the first Launch With GS Black and Latinx Entrepreneur Cohort. This eight-week virtual experience will provide high-touch access and resources to a select...

Squire Technologies Selected for Inaugural Goldman Sachs Launch With GS Black and Latinx Entrepreneur Cohort

NEW YORK, May 14, 2020 /PRNewswire/ -- Goldman Sachs (NYSE: GS) has selected Squire Technologies to participate in the first Launch With GS Black and Latinx Entrepreneur Cohort. This eight-week virtual experience will provide high-touch access and resources to a select group of U.S.-based...

Squire Technologies Selected for  Inaugural Goldman Sachs Launch With GS Black and Latinx Entrepreneur Cohort

Goldman Sachs Group Inc  plans to buy a boutique wealth management custodian and technology company called Folio Financial Inc for an undisclosed amount of money, according to a letter that Folio sent to its customers on Thursday and was viewed by Reuters.

Goldman Sachs to buy boutique wealth management custodian Folio

Charter Communications

Wells Fargo

These companies are likely on the Oracle of Omaha's chopping block.

5 Stocks Buffett Probably Sold in the First Quarter

Goldman Sachs BDC, Inc. (GSBD) CEO Brendan McGovern on Q1 2020 Results - Earnings Call Transcript

Shares of the investment bank jumped in April as the broad market bounced back.

Why Goldman Sachs Stock Gained 19% Last Month

BGC Partners

ETRADE

GAIN Capital Hlds

Morgan Stanley

Raymond James

Charles Schwab

Tradeweb Markets

Near-Term Outlook Bleak for Investment Banks on Coronavirus Scare

That level of intervention would likely be welcomed by the nation's banks.

Goldman Sachs Predicts Another $1 Trillion in Federal Fiscal Aid Is Coming

Goldman Sachs shareholders approved CEO David Solomon’s $24.7 million pay day on Thursday despite calls for it to be voted down in light of the COVID-19 pandemic. Seventy-one percent of shareholders OK’d the 2019 compensation package, down from 91 percent the year earlier, Goldman announced at its annual shareholder meeting.

Goldman Sachs votes to pay CEO David Solomon $24.7M

Goldman Sachs Group Inc  said Thursday at its annual shareholder meeting that 71% of votes were cast in favor of the bank's executive compensation policies for 2019, in preliminary tallies.

Goldman Sachs shareholders vote to approve executive compensation

Bank of America

Citigroup

The financial sector is one of the best-performing parts of the market -- here's what you need to know.

News for Goldman Sachs Stock (GS)