Goldman Sachs reports earnings of $5.81 per share vs. $4.89 per share, forecast by Refinitiv. Results: Goldman Sachs earnings spiked to $9.68 a share while revenue swelled to $10.78 billion. Goldman Sachs Reports Third Quarter Earnings Per Common Share of $9.68 "Our ability to serve clients who are navigating a very uncertain environment drove strong performance across the franchise, building off a strong first half of the year. Goldman Sachs BDC, Inc. "Our ability to serve clients who are navigating a very uncertain environment drove strong performance across the franchise, building off a strong first half of the year," CEO David Solomon said in the release. Shares of the bank gained 0.6% after rising 2.2% earlier in premarket trading. It's also pushing to get more revenue from wealth management, like rival Morgan Stanley, but hasn't announced megadeals like the two major acquisitions Morgan Stanley disclosed this year. Download the investor presentation - earnings call slides. Results: EPS of 42 cents on revenue of $18.9 billion. 10,000 Small Businesses 10 Years and 10,000 Strong. The asset management division produced $2.77 billion in revenue, a 71% gain from a year earlier and nearly $900 million more than the $1.91 billion FactSet estimate. Consumer banking revenue fell 17% to $8 billion. All earnings call transcripts on The Goldman Sachs Group, Inc. (GS) stock. Goldman Sachs on Wednesday posted third-quarter results that crushed analysts' profit estimates on stronger-than-expected results in bond trading and asset management. ALSO READ: Goldman Sachs Has 5 Stocks That Could Explode Higher on Q3 Earnings Technip FMC This is an incredible energy play for investors that may be a touch more conservative. 05 Nov 2019 Goldman Sachs Presentation at the Bank of America Merrill Lynch Future of Financials 2019 Conference. Companywide revenue of $10.78 billion topped the estimate by more than $1 billion, driven … Wealth management revenue dropped 26% to $3.8 billion. Estimates: Wall Street expected Bank of America earnings per share to fall 5% to 53 cents, according to Zacks Investment Research. Dow Slides As McConnell Lashes Out Over Stimulus Gridlock; IPO Stock Soars On Debut, Is SPY Stock A Buy Right Now? Results: Goldman Sachs earnings spiked to $9.68 a share while revenue swelled to $10.78 billion. Find the latest Earnings Report Date for Goldman Sachs Group, Inc. (The) Common Stock (GS) at Nasdaq.com. Companywide revenue of $10.78 billion topped the estimate by more than $1 billion, driven by the trading and asset management divisions. CFO Paul Donofrio said at a separate conference in late September that consumer spending in the U.S. — where the bank's operations have been more concentrated than rivals — continued to improve, even with parts of the economy shuttered. Goldman Sachs on Wednesday posted third-quarter results that crushed analysts’ profit estimates on stronger-than-expected results in bond trading and asset management. Diese Statusänderung wurde am 21. Authors may own the stocks they discuss. US Banks' 4Q Strong Capital Markets Results Led by FICC . Goldman Sachs Group Inc. has become a little more optimistic on earnings prospects for the S&P 500 Index this year but stressed that management commentary from companies is … The firm generated $3.62 billion in profit, or a record $9.68 a share, exceeding the $5.57 per share estimate of analysts surveyed by Refinitiv. Goldman Sachs posted third-quarter earnings on Wednesday that blew away Wall Street’s estimates, as strong trading and consumer banking revenue overwhelmed the impact of … *Real-time prices by Nasdaq Last Sale. Load up your sleigh and save hundreds on IBD’s Online Courses! Goldman Sachs on Wednesday reported blowout second-quarter earnings as its reliance on trading and investment banking paid off amid the market … Proxy Materials. Net interest income sank 17% to $10.1 billion. You’ll learn about options, charts and more. He laid out 4 reasons why the … As with other bank stocks, Bank of America's ratings are weak. Check out StockPix, IBD’s hub for infographics! The Whisper number is the Street's unofficial view on earnings. … Global Business and Financial News, Stock Quotes, and Market Data and Analysis. On Tuesday, rivals JPMorgan Chase and Citigroup posted results that beat analysts' expectations as both banks set aside less money for defaulting loans. Get market updates, educational videos, webinars, and stock analysis. Goldman Sachs Announces $3.6 Billion Profit for Third Quarter It’s nearly double the bank’s earnings a year ago and well above what analysts had been expecting. Track the latest news, trends and leading stocks in the banking and financial industries. Investor Day 2020. Fixed income trading revenue jumped 49% … Solomon just marked his second year atop Goldman Sachs, but he's still putting his imprint on the firm. That gain was fueled by bond trading results of $2.5 billion, nearly half a billion dollars more than analysts surveyed by FactSet expected. Goldman Sachs Reports 2019 Second Quarter Earnings Per Common Share of $5.81 and Increases the Quarterly Dividend to $1.25 Per Common Share 15 Apr 2019 Goldman Sachs Reports 2019 First Quarter Earnings Per Common Share of $5.71 and Increases the Quarterly Dividend to … Not anymore: The bank’s earnings per share were a record $9.68, blowing past analysts’ estimates for $5.53… Estimates: Analysts expect Wells Fargo earnings to tumble 49% to 47 cents per share, as revenue falls 18% to $17.96 billion. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. We recognize the power of our small business community—now 10,000 graduates strong in the United States. Low Volatility Impacts Goldman Sachs' 2Q17 Earnings. 15 Oct 2019 Goldman Sachs Global Head of Investor Relations Heather … Wells Fargo reported disappointing earnings for the third quarter as low rates put pressure on the bank's net interest income. The firm generated $3.62 billion in profit, or $9.68 a share, exceeding the $5.57 per share estimate of analysts surveyed by Refinitiv. Investment banking revenue rose 7% to $1.97 billion. Damit unterwarf sich Goldmann Sachs der strengeren Regulierung für Geschäftsbanken und erhielt dafür einen leichteren Zugang zur Liquiditätsversorgung durch die Fed. Goldman has higher ratings than the other bank stocks here, with a 59 Composite Rating and a 79 EPS Rating. Goldman shares have fallen 8.3% this year through Tuesday, a smaller decline than most big banks and the 31% drop of the KBW Bank Index. Marcus by Goldman Sachs® provides no-fee personal loans & high-yield online savings for individuals. All Rights Reserved. Dow Jones Up 450 Points, Hits 30,000 As Tesla Gets Extended, Dow Jones Today Leads Early Rally As GSA Supports White House Transition; Tesla Stock Leads E-Auto Rally, Bitcoin Nears Bubble-Era Highs As Pandemic, Big Companies Accelerate Adoption. : a new Tool for Daily stock market today GS ) stock line is a! Einer reinen Investmentbank hin zu einer holding company Sachs eine Statusänderung von einer reinen hin! ) anerkannt stabilized after a wave of panic borrowing and fluctuations in demand for.. It saw more positive signs in the period, or $ 5.71 a share while revenue to! Is expected to earn $ 5.61/share on $ 9.20 billion in Q2 News, stock Quotes and. 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