Summary
Goldman Sachs Group, Inc. reported a strong financial performance for the fiscal year 2024, with net earnings of $14.28 billion, a significant increase from $8.52 billion in 2023, leading to a diluted EPS of $40.54. Return on Equity (ROE) improved to 12.7% from 7.5% in the previous year. Net revenues rose by 16% year-over-year to $53.51 billion, driven by robust performance in Global Banking & Markets and Asset & Wealth Management. The company's strategy of narrowing its focus on consumer-related activities continued, with divestitures impacting results but overall strategic realignment showing positive financial outcomes. Operating expenses decreased by 2% year-over-year, contributing to an improved efficiency ratio of 63.1% from 74.6%. Goldman Sachs returned $11.80 billion in capital to shareholders through share repurchases and dividends, demonstrating a commitment to capital deployment. The firm maintains strong capital and liquidity positions, with a CET1 capital ratio of 15.0% under Standardized Capital Rules.
Financial Highlights
37 data points| Interest Expense | $73.34B |
| Net Income | $14.28B |
| EPS (Basic) | $41.07 |
| EPS (Diluted) | $40.54 |
| Shares Outstanding (Basic) | 328.10M |
| Shares Outstanding (Diluted) | 333.60M |
Key Highlights
- 1Net earnings surged to $14.28 billion in 2024, up from $8.52 billion in 2023, with diluted EPS increasing to $40.54.
- 2Net revenues grew 16% year-over-year to $53.51 billion, primarily driven by strength in Global Banking & Markets and Asset & Wealth Management.
- 3ROE improved significantly to 12.7% in 2024 from 7.5% in 2023.
- 4Operating expenses decreased by 2% year-over-year to $33.77 billion, resulting in an improved efficiency ratio of 63.1% from 74.6%.
- 5Capital returned to shareholders totaled $11.80 billion in 2024, comprising $8.00 billion in share repurchases and $3.80 billion in dividends.
- 6The CET1 capital ratio remained strong at 15.0% (Standardized) and 15.3% (Advanced) as of December 2024.
- 7The company is continuing to narrow its focus on consumer-related activities, impacting specific business lines but contributing to overall strategic realignment.