Latest news with #GlobalBanking&Markets
Yahoo
16-07-2025
- Business
- Yahoo
Goldman Sachs beats Q2 expectations as revenue rises 15%
-- Goldman Sachs Group, Inc. reported second quarter earnings that exceeded analyst expectations, with revenue climbing 15% compared to the same period last year, driven by strong performance in its Global Banking & Markets division. The investment banking giant posted earnings per share of $10.91, surpassing the analyst estimate of $9.59 by $1.32. Revenue came in at $14.58 billion, above the consensus estimate of $13.51 billion and up 15% from the second quarter of 2024. Following the announcement, Goldman Sachs shares rose 1.1%. Global Banking & Markets revenue increased 24% YoY to $10.12 billion, with investment banking fees up 26% to $2.19 billion. The firm's Equities business saw a 36% jump in revenue to $4.30 billion, while Fixed Income, Currency and Commodities (FICC) revenue rose 9% to $3.47 billion. "Our strong results for the quarter reflected healthy client activity levels across our businesses, our differentiated franchise positions and the talent and commitment of our people," said David Solomon, Chairman and CEO of Goldman Sachs. "At this time, the economy and markets are generally responding positively to the evolving policy environment." Asset & Wealth Management revenue declined 3% YoY to $3.78 billion, reflecting significantly lower net revenues in Equity and Debt investments, partially offset by higher Management and other fees. The firm's efficiency ratio improved to 62.0% for the first half of 2025, compared with 63.8% for the first half of 2024. Operating expenses increased 8% YoY to $9.24 billion, primarily due to higher compensation and benefits expenses reflecting improved performance. Goldman Sachs also announced it is increasing its quarterly dividend to $4.00 per common share. During the quarter, the company returned $3.96 billion to shareholders through $3.00 billion in share repurchases and $957 million in dividends. Related articles Goldman Sachs beats Q2 expectations as revenue rises 15% Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett Buy this massive AI stock into upcoming Q2 print: Morgan Stanley Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
Goldman Sachs Group Earnings Preview: What to Expect
Valued at a market cap of $210.8 billion, The Goldman Sachs Group, Inc. (GS) is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments, and individuals. The New York-based company operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The company is expected to release its Q2 2025 earnings before the market opens on Wednesday, Jul. 16. Ahead of this event, analysts expect GS to post a profit of $9.61 per share, reflecting a growth of 11.5% from $8.62 per share reported in the same quarter last year. In addition, the company has surpassed Wall Street's bottom-line estimates in the past four quarters. Dear Nvidia Stock Fans, Watch This Event Today Closely A $2 Billion Reason to Sell Super Micro Computer Stock Now 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For fiscal 2025, analysts forecast Goldman Sachs to report an EPS of $44.12, an 8.8% increase from $40.54 reported in fiscal 2024. Moreover, in fiscal 2026, its earnings are expected to surge 14.1% year-over-year to $50.33 per share. GS stock has soared 50.7% over the past 52 weeks, outperforming the S&P 500 Index's ($SPX) 12.1% gain and the Financial Select Sector SPDR Fund's (XLF) 26.3% returns during the same time frame. Shares of Goldman Sachs rose 1.9% following the release of its strong Q1 2025 results on Apr. 14. The company reported net revenues of $15.1 billion, up 6% year-over-year, surpassing the Wall Street expectations. The revenue growth was driven by higher net revenues in the Global Banking & Markets segment, partially offset by a slight decline in Asset & Wealth Management revenues. The bottom line came in at $14.12 per share, marking a 21.9% increase from the prior year quarter and exceeding the consensus estimate by 11.1%. Analysts' consensus view on GS stock remains moderately optimistic, with a "Moderate Buy" rating overall. Out of 23 analysts covering the stock, opinions include nine "Strong Buys," one "Moderate Buy,' and 13 "Holds.' As of writing, it is trading above the mean price target of $603.60. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
09-04-2025
- Business
- Yahoo
ClearBridge Value Strategy Sold its Holdings in The Goldman Sachs Group (GS) in Q1
ClearBridge Investments, an investment management company, released its 'ClearBridge Value Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the strategy underperformed its Russell 1000 Value benchmark, driven by detractors in the energy and financials, overcame contributions from overweight to energy and underweight to IT. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first quarter 2025 investor letter, ClearBridge Value Strategy emphasized stocks such as The Goldman Sachs Group, Inc. (NYSE:GS). Founded in 1869, The Goldman Sachs Group, Inc. (NYSE:GS) is a financial institution that operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The one-month return of The Goldman Sachs Group, Inc. (NYSE:GS) was -13.72%, and its shares gained 15.34% of their value over the last 52 weeks. On April 8, 2025, The Goldman Sachs Group, Inc. (NYSE:GS) stock closed at $462.22 per share with a market capitalization of $143.65 billion. ClearBridge Value Strategy stated the following regarding The Goldman Sachs Group, Inc. (NYSE:GS) in its Q1 2025 investor letter: "Our largest sell was The Goldman Sachs Group, Inc. (NYSE:GS) relatively early in the quarter, as expectations for an increased capital market cycle under the new Trump administration brought its share price in line with our assessment of fair value." A financial analyst presenting a chart of insurance solutions to a boardroom. The Goldman Sachs Group, Inc. (NYSE:GS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 81 hedge fund portfolios held The Goldman Sachs Group, Inc. (NYSE:GS) at the end of the fourth quarter compared to 72 in the third quarter. The Goldman Sachs Group, Inc. (NYSE:GS) reported net revenues of $13.9 billion EPS of $11.95, and ROE of 14.6% and ROTE of 15.5% in the fourth quarter of 2024. While we acknowledge the potential of The Goldman Sachs Group, Inc. (NYSE:GS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered The Goldman Sachs Group, Inc. (NYSE:GS) in another article, where we shared Nightview Capital's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
