Summary
Goldman Sachs Group, Inc. reported a strong financial performance for the year ended December 30, 2013. Net earnings reached $8.04 billion, a notable increase from $7.48 billion in 2012, and diluted earnings per common share rose to $15.46. The firm's return on average common shareholders' equity (ROE) was 11.0%, demonstrating improved profitability. The company continued to manage its capital effectively, repurchasing $6.17 billion worth of common stock while maintaining robust capital ratios, with a Tier 1 capital ratio of 16.7% and a Tier 1 common ratio of 14.6%.
Financial Highlights
38 data pointsBeta
Financial Statements
Beta
| Interest Expense | $6.67B |
| Net Income | $8.04B |
| EPS (Basic) | $16.34 |
| EPS (Diluted) | $15.46 |
| Shares Outstanding (Basic) | 471.30M |
| Shares Outstanding (Diluted) | 499.60M |
Key Highlights
- 1Net earnings increased to $8.04 billion in 2013, up from $7.48 billion in 2012.
- 2Diluted earnings per common share improved to $15.46 from $14.13 in the prior year.
- 3Return on average common shareholders' equity (ROE) was 11.0% in 2013, up from 10.7% in 2012.
- 4Book value per common share increased approximately 5% to $152.48, and tangible book value per common share increased approximately 7% to $143.11 compared to the end of 2012.
- 5The firm repurchased $6.17 billion of its common stock during 2013.
- 6Tier 1 capital ratio remained strong at 16.7%, and the Tier 1 common ratio was 14.6%.
- 7Net revenues in Investment Banking significantly increased by 22% to $6.00 billion, driven by strong underwriting activity in both equity and debt offerings.