- Goldman Sachs’ 4Q net revenue was $11.32 billion, higher than the estimated $10.84 billion
- FICC sales and trading revenue was $2.03 billion, a decrease of 24% from the previous year
- Global Banking & Markets net revenues were $6.35 billion, down by 2.5% from the previous year
- Investment banking revenue was $1.65 billion, a 12% decrease from the previous year
- Equities sales and trading revenue was $2.61 billion, an increase of 26% from the previous year
- Advisory revenue was $1.01 billion, down 29% from the previous year
- Equity underwriting revenue was $252 million, a 38% increase from the previous year
- Debt underwriting revenue was $395 million, up by 40% from the previous year
- Earnings per share (EPS) was $5.48, higher than $3.32 from the previous year
- Net interest income was $1.34 billion, a decrease of 35% from the previous year
- Platform Solutions reported a pretax loss of $390 million
- Total deposits were $428 billion, an increase of 6.2% from the previous quarter
- Provision for credit losses was $577 million, a decrease of 41% from the previous year
- Total operating expenses were $8.49 billion, an increase of 4.9% from the previous year
- Compensation expenses were $3.60 billion, a decrease of 4.3% from the previous year
- Return on tangible equity was 7.6%, higher than the estimated 5.56%
- Standardized CET1 ratio was 14.5%, slightly lower than the estimated 14.8%
- Book value per share was $313.56, higher than $303.55 from the previous year
- Assets under management were $2.81 trillion, an increase of 10% from the previous year
- Total AUS net inflows were $14 billion, a decrease of 58% from the previous year
- Loans were $183 billion, an increase of 2.2% from the previous year
Goldman Sachs Group on Smartkarma
According to Daniel Tabbush, an independent analyst on Smartkarma, Goldman Sachs Group may be facing some challenges. Tabbush’s research report, titled “GS – 2 Quarters Of Falling Net Int Inc, Fees Topping Out, Very High Costs, Credit Metrics Worsening“, highlights concerns about the company’s performance in the past two quarters. Negative net interest income growth, high operating costs, and poor credit metrics in the consumer sector raise questions about the company’s market capitalization gains over the past three years. Additionally, Tabbush points out that fees seem to be reaching their peak and that there is congressional scrutiny on the company’s SVB exposure, as mentioned in a letter from Senator Warren on August 7.
A look at Goldman Sachs Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma’s Smart Scores, Goldman Sachs Group has a positive long-term outlook. The company has been given a score of 4 for value, indicating that it is considered to be a good investment opportunity. Additionally, Goldman Sachs Group has a score of 3 for both dividend and growth, suggesting that it offers both a steady dividend and potential for growth.
However, the company has a lower score of 2 for resilience, which means it may not be as financially stable or able to withstand market fluctuations as some other companies. On the other hand, Goldman Sachs Group has a high score of 4 for momentum, indicating that it is performing well and has positive market sentiment behind it.
The Goldman Sachs Group, Inc. is a bank holding company that specializes in investment banking, trading, and asset management services. It caters to a wide range of clients, including corporations, financial institutions, governments, and high-net worth individuals. With its strong scores in key areas, Goldman Sachs Group is poised for continued success in the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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