Goldman Sachs Group, Inc.

NYSE:GS   3:59:59 PM EDT
201.15
-3.89 (-1.90%)
4:20:20 PM EDT: $201.14 -0.01 (-0.01%)
Other Pre-Announcement

Goldman Sachs Reports Third Quarter EPS Of $9.68

Published: 10/14/2020 11:42 GMT
Goldman Sachs Group Inc (GS) - Goldman Sachs Reports Third Quarter Earnings per Common Share of $9.68.
Net Revenues in Investment Banking Were $1.97 Billion for the Third Quarter of 2020, 7% Higher Than the Third Quarter of 2019.
Provision for Credit Losses Was $278 Million for the Third Quarter of 2020, Compared With $291 Million for the Third Quarter of 2019.
Operating Expenses Were $5.95 Billion for the Third Quarter of 2020, 6% Higher Than the Third Quarter of 2019.
Qtrly Net Revenues Were $10.78 Billion, 30% Higher Than the Third Quarter of 2019.
Net Revenues in Consumer & Wealth Management Were $1.49 Billion for Q3 2020, 13% Higher Than the Third Quarter of 2019.
Net Provisions for Litigation and Regulatory Proceedings for the Third Quarter of 2020 Were $6 Million Compared With $47 Million.
Firm’s Allowance for Credit Losses Was $4.33 Billion As of September 30, 2020.
Qtrly Net Revenues in Equities $2.05 Billion, 10% Higher Than the Third Quarter of 2019.
Qtrly Increase in Operating Expenses Compared With the Third Quarter of 2019 Was Due to Higher Compensation and Benefits Expenses.
Q3 Earnings per Share View $5.57, Revenue View $9.46 Billion -- Refinitiv Ibes Data (analyst estimates).