Revenue segments as reported by the company.

Investment banking

Investment management

Commissions and fees

Market making

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

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

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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.

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To listen to Goldman Sachs Group Inc chief executive David Solomon, the bank is doing "great," while skeptical investors wonder what comes next.

Goldman Sachs CEO touts bank performance as some investors balk

NEW YORK , Jan. 26, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of The Goldman Sachs Group, Inc. (NYSE: GS) resulting from allegations that Goldman Sachs may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Goldman Sachs securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

GS EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages The Goldman Sachs Group, Inc. Investors to Inquire About Securities Class Action Investigation - GS

JPMorgan Chase & Co

Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing and alternatives to allow employees to cash out stakes in the private company, two sources familiar with the matter told Reuters.

Stripe hires Goldman, JP Morgan to explore listing and private share sale - sources

Morgan Stanley

Goldman recently pivoted away from its consumer-banking ambitions, which were supposed to drive a higher valuation.

Goldman Sachs's Path to a Higher Valuation Now Lies in Asset and Wealth Management

Consumer banking was supposed to be Goldman's push for a higher valuation.

What Went Wrong for Goldman Sachs' Consumer Banking Efforts?

In spite of high-impact macro events, Goldman Sachs has demonstrated high levels of resilience, growing 0.53% over the past year, versus the SPY (-14.01%). Goldman Sachs' ability to do so has been predicated upon increased fixed income/commodities/currencies revenues, widening private banking deposit spreads, superior AUM inflows, and development of their credit card platforms.

Goldman Sachs: An Evolving Business Of Resilience And Growth

NatWest Group plc 

NatWest Group PLC (LSE:NWG) (NatWest Group PLC (LSE:NWG)), Lloyds and other UK banks have received a bullish update from Goldman Sachs (NYSE:GS), pushing share prices across the sector higher. The US investment bank reiterated a ‘buy' rating on NatWest ahead of fourth-quarter results due on 17 February, where it expects the high street lender to show an increase in net interest income (NII) to £3bn, up from £2.6bn in the third quarter.

Lloyds Banking, Natwest and Barclays all liked by Goldman Sachs on margin outlook

Here's what needs to happen for the investment banking industry to bounce back.

Investment Banks Are Coming Off a Tough Year: Can They Rebound in 2023?

With two eight-figure commercial deals, a new round of capital, and over 260 partnerships with leading data and cloud marketplaces in 2022, Crux is rapidly expanding its lead in the external data technology market. SAN FRANCISCO , Jan. 24, 2023 /PRNewswire/ -- Crux, an end-to-end data integration, transformation, and observability solution, has disrupted the external data integration space with record-breaking bookings in 2022, continued recognition by prominent industry partners such as Google , and $50M in additional previously unannounced venture funding led by Two Sigma and the Growth Equity business Goldman Sachs Asset Management (Goldman Sachs) for a total of $157M raised to date.

Crux Reports $75M in Bookings, Secures $50M in Funding to Accelerate Roadmap Development and Sales and Marketing

Goldman Sachs' (NYSE:GS) asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's recent earnings, an executive has told Reuters in an exclusive interview. Julian Salisbury, the investment bank's chief investment officer of asset and wealth management told Reuters that Goldman plans to divest its positions over the next few years and replace some of those funds on its balance sheet with outside capital, "I would expect to see a meaningful decline from the current levels," Salisbury told the newswire.

Goldman Sachs to significantly reduce its $59 billion of alternative investments - Reuters

NEW YORK--( BUSINESS WIRE )--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against The Goldman Sachs Group, Inc. (“Goldman Sachs” or the “Company”) (NYSE: GS) on behalf of Goldman Sachs stockholders. Our investigation concerns whether Goldman Sachs has violated the federal securities laws and/or engaged in other unlawful business practices.

GOLDMAN SACHS ALERT: Bragar Eagel & Squire, P.C. is Investigating The Goldman Sachs Group, Inc. on Behalf of Goldman Sachs Stockholders and Encourages Investors to Contact the Firm

The rise of digital banking — and specifically, consumer lending — looks set for renewed focus from regulators. As reported last week, the Federal Reserve has been looking into Goldman Sachs' oversight of its consumer business Marcus, its management and governance and its handling of customers' problems.

Fed's Goldman Probe and Regulators' Remarks Signal Heightened Digital Lending Scrutiny

(Kitco News) - Commodities are in store for a 'bullish concoction' in 2023, according to Goldman Sachs, which sees a combination of the macro environment and low inventories boosting almost every commodity.

This year sets up 'bullish concoction' for commodities, gold on 'cusp of sustained upside,' says Goldman

Capital One

KeyCorp

U.S. Bancorp

Wells Fargo

We take a look at the action in preferreds and baby bonds through the second week of January and highlight some of the key themes we are watching. Preferreds enjoyed another strong week, supported by lower Treasury yields and higher stocks.

Preferreds Weekly Review: Fixed-Rate Preferreds Finally Get Some Love

LOS ANGELES--( BUSINESS WIRE )--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Goldman Sachs Group, Inc. (“Goldman Sachs” or “the Company”) (NYSE: GS) for violations of the securities laws.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against The Goldman Sachs Group, Inc. and Encourages Investors with Losses to Contact the Firm

Goldman Sachs Group Inc's asset management arm will make significant reductions to the $59 billion of alternative investments that hurt the firm's earnings.

Goldman Sachs announces reduction in asset management investments

Goldman Sachs Group Inc's asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's earnings, an executive told Reuters.

Exclusive: Goldman Sachs to cut asset management investments that weighed on earnings

Credit Suisse

Banks are set to undertake the largest wave of job cuts in 15 years amid declining revenues. Industry watchers told the Financial Times (FT) the layoffs — expected to be in the tens of thousands — reverse a trend of widespread hiring and banks' reticence to let go of workers during the pandemic.

Big Banks Ready ‘Super Brutal' Round of Layoffs

The investment bank suffered its worst earnings miss in a decade.

Reviewing Goldman Sachs' Disappointing Quarter

Lockheed Martin

Raytheon Technologies

The key to a good offense is having a strong defense.

The Top Defense Stocks to Buy With $100

MS has a superior business model. The wealth management division is growing and delivering >30% ROE.

Goldman Sachs Or Morgan Stanley: Which Bank To Buy In 2023?

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against The Goldman Sachs Group, Inc. and Encourages Investors with Losses to Contact the Firm

NEW YORK--( BUSINESS WIRE )--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of The Goldman Sachs Group, Inc. (NYSE: GS) resulting from allegations that Goldman Sachs may have issued materially misleading business information to the investing public.

GS EQUITY ALERT: Rosen Law Firm Encourages The Goldman Sachs Group, Inc. Investors to Inquire About Securities Class Action Investigation – GS

The Federal Reserve has launched a probe into Goldman Sachs' consumer business known as Marcus, reportedly over concerns that the bank did not have proper safeguards in place.

Federal Reserve investigating Goldman Sachs' consumer business

The U.S. Federal Reserve is inquiring into whether Goldman Sachs Group Inc. installed proper safeguards in place as it stepped up its consumer lending in recent years as part of a broad push into the retail banking sectors, The Wall Street Journal reported Friday.

News for Goldman Sachs Stock (GS)