- Goldman Sachs reported net revenue of $15.18 billion, a 20% increase year-over-year, surpassing the estimated $14.17 billion.
- The Fixed Income, Currencies, and Commodities (FICC) sales and trading revenue reached $3.47 billion, beating the estimate of $3.18 billion.
- Equities sales and trading revenue came in at $3.74 billion, slightly below the estimated $3.94 billion.
- Global Banking & Markets net revenues were $10.12 billion, an 18% year-over-year increase, above the $9.46 billion estimate.
- Investment banking revenue surged by 43% year-over-year to $2.66 billion, outperforming the $2.21 billion estimate.
- Advisory revenue significantly grew by 60% year-over-year, reaching $1.40 billion, above the estimate of $1.15 billion.
- Equity underwriting revenue was $465 million, up 21% year-over-year, surpassing the estimated figure of $452.6 million.
- Debt underwriting revenue increased by 30% year-over-year to $788 million, exceeding the $583.7 million estimate.
- Earnings per share (EPS) for the quarter was $12.25, compared to $8.40 in the prior year.
- Net interest income amounted to $3.85 billion, higher than the estimated $2.87 billion.
- Platform Solutions reported a pretax loss of $39 million, slightly better than the estimated loss of $41.6 million.
- Total deposits grew by 5.2% quarter-over-quarter to $490 billion.
- Provision for credit losses declined by 15% year-over-year to $339 million, below the estimate of $369.6 million.
- Total operating expenses rose by 14% year-over-year to $9.45 billion, above the estimated $8.89 billion.
- Compensation expenses increased by 14% year-over-year to $4.68 billion, higher than the $4.53 billion estimate.
- Annualized return on equity (ROE) was 14.2%, exceeding the estimated 12.8%.
- Return on tangible equity reached 15.2%, surpassing the 13.4% estimate.
- The standardized Common Equity Tier 1 (CET1) ratio was 14.4%, slightly above the 14.1% estimate.
- Book value per share increased to $353.79, up from $332.96 in the prior year.
- The efficiency ratio improved to 62.3%, better than the estimated 63.2%.
- Assets under management expanded by 11% year-over-year to $3.45 trillion, surpassing the $3.4 trillion estimate.
- Total assets under supervision (AUS) net inflows were $79 billion, a 20% year-over-year increase, exceeding the $30.81 billion estimate.
- Loans reached $222 billion, topping the estimate of $217.99 billion.
Goldman Sachs Group on Smartkarma
Analyst coverage on Goldman Sachs Group on Smartkarma is positive, as highlighted in a recent report titled “Primer: Goldman Sachs Group (GS US) – Sep 2025″ by αSK. The report emphasizes Goldman Sachs’ dominant market position with a wide economic moat, holding a significant share of the investment banking market by revenue. CEO David Solomon’s strategic shift towards stability, focusing on growing the more stable Asset & Wealth Management business, is seen as a move to counterbalance the volatility of its trading and investment banking operations. Despite facing cyclicality and regulatory headwinds, Goldman Sachs is poised to benefit from a rebound in capital markets activity while managing risks diligently.
The independent analyst report provides valuable insights into Goldman Sachs’ strengths, challenges, and strategic direction, offering investors a comprehensive view to make informed decisions. With a strong brand, global reach, and diversified business model, Goldman Sachs is positioned well within the competitive financial landscape. Smartkarma serves as a trusted platform where top analysts like those of αSK share in-depth research on companies like Goldman Sachs Group, enabling investors to access valuable information to guide their investment strategies.
A look at Goldman Sachs Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| 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
Based on the Smartkarma Smart Scores, Goldman Sachs Group shows a solid outlook for the long term. With a score of 4 in Momentum and 3 in Value, Dividend, Growth, and Resilience, the company appears to be well-positioned across various key factors. This indicates that Goldman Sachs is not only experiencing positive momentum but also holds decent value, growth potential, and resilience in the market.
The Goldman Sachs Group, Inc., a global investment banking and securities firm, is known for its expertise in investment banking, trading, asset management, and securities services. Catering to a wide range of clients including corporations, financial institutions, governments, and high-net-worth individuals, the company has established itself as a reputable player in the financial services industry.
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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