Summary
Goldman Sachs Group, Inc. (GS) filed its quarterly report for the period ending June 29, 2013, providing insights into its capital management and share repurchase activities. During the second quarter of 2013, the company actively repurchased its common stock, signaling a strategy to maintain an appropriate level of common equity. The repurchase program, which has no set expiration, is influenced by the firm's capital position and market conditions, requiring Federal Reserve Board approval. This filing emphasizes the company's ongoing commitment to managing its capital structure efficiently. Investors should note the significant volume of shares repurchased, indicating confidence from management in the company's financial health and potentially aiming to enhance shareholder value through these buybacks. The details provided offer a glimpse into the operational and financial strategies Goldman Sachs employs to navigate the market.
Financial Highlights
36 data points| Interest Expense | $1.84B |
| Net Income | $1.93B |
| EPS (Basic) | $3.92 |
| EPS (Diluted) | $3.70 |
| Shares Outstanding (Basic) | 473.20M |
| Shares Outstanding (Diluted) | 503.50M |
Key Highlights
- 1Goldman Sachs actively repurchased 10,471,505 shares of its common stock during the three months ended June 30, 2013.
- 2The share repurchase program is designed to maintain an appropriate level of common equity.
- 3Purchases during the quarter occurred at an average price ranging from $142.14 in April to $162.91 in June.
- 4The company's repurchase program has no fixed expiration date and is subject to Federal Reserve Board approval.
- 5The maximum number of shares that may yet be purchased under the program stood at 75,886,943 as of June 30, 2013.
- 6The filing includes certifications from the Chief Financial Officer and Principal Accounting Officer, attesting to the accuracy of the financial information presented.
- 7Interactive data files, including financial statements and notes, are provided pursuant to Rule 405 of Regulation S-T.