Goldman Sachs (GS) 02 (May 10 - Dec 26)

[behappyalways]

Dear Goldman: charts usually go from left to right...
https://twitter.com/zerohedge/status/16 ... 7084976128


Goldman Profit Plunges As Banking, FICC Miss; CEO DJ Sol Hammered By Multiple Writedowns
https://www.zerohedge.com/markets/goldm ... writedowns

[behappyalways]

How Goldman Sachs Fumbled Credit Cards, Personal Loans and More | WSJ
https://m.youtube.com/watch?v=mBGzy8SaSdI

[winston]

not vested

1Q Earnings

Goldman Sachs on Monday posted first-quarter profit and revenue that topped analysts’ expectations, fueled by a surge in trading and investment banking revenue.

The bank said profit jumped 28% to $4.13 billion, or $11.58 per share, from the year earlier period, thanks to a rebound in capital markets activities.

Revenue rose 16% to $14.21 billion, topping analysts’ estimate by more than $1 billion.

Source: Phillips

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Goldman Net Income Surges 150% As Investment Banking Misses, Credit Loss Provisions Slide
https://www.zerohedge.com/markets/goldm ... ions-slide

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$GS Q2 2024 financial performance
https://x.com/Mayhem4Markets/status/1813953980722241666

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Goldman Losses On Consumer Business Hit A Massive $6 Billion As Bank Scrambles To Exit Credit Card Business
https://www.zerohedge.com/markets/goldm ... redit-card

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Goldman Q3 Profit Jumps 45% On Surge In Equity-Trading Revenue As Earnings Beat Across The Board
https://www.zerohedge.com/markets/goldm ... ross-board

[behappyalways]

Important context about Goldman's "48% surge in earnings..."

72% of the yearly increase in Goldman's pre-tax earnings come from a reduced depreciation expense ($621M for Q3 2024 vs. $1.512B for Q3 2023).
https://x.com/JackFarley96/status/1846171170195845423

Goldman Q3 Profit Jumps 45% On Surge In Equity-Trading Revenue As Earnings Beat Across The Board
https://www.zerohedge.com/markets/goldm ... ross-board

[winston]

not vested

Goldman Sachs posted its biggest profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.

The investment bank’s shares rose 2.6 per cent before the bell on Wednesday (Jan 15) as it earned US$11.95 per share in the fourth quarter, compared with US$8.22 expected by analysts.

Banking industry executives anticipate stronger dealmaking activity this year as the US Federal Reserve cuts interest rates and President-elect Donald Trump’s pro-business comments fuel optimism among investors.

Source: Phillips

[behappyalways]

Goldman Reports Record Equity Trading Revenue, Misses In FICC and iBanking, Losses On Investments
https://www.zerohedge.com/markets/goldm ... nvestments