Goldman Sachs (GS) Posts Better than Expected Third Quarter Results
Goldman Sachs (NYSE: GS) garnered 71 percent of its overall net revenue from its trading division during the fiscal third quarter of the year. The investment bank has just declared its quarterly numbers, surpassing consensus estimates.
- Goldman Sachs reported its third quarter profit at $1.9 billion.
- Goldman Sachs registered $8.9 billion in net revenue for the fiscal third quarter of the year.
Goldman Sachs had earned $3.19 billion in profits during the third quarter of the last year. The street expectations for the quarterly profits were pegged at $2.32 per share. The company posted its profits at $2.98 per share. The revenue expectations were pegged at $7.92 billion.
Goldman Sachs reported 24 percent increase in its investment banking revenues and reported the figure of $1.1 billion. However, its equity trading revenue stood at $1 billion, down 43 percent. The revenue from trading fixed income, currencies and commodities were at $3.77 billion, down 37 percent from the previous year.
Goldman Sachs sad said that the latest results show the solid performances across the bank’s businesses. The bank Chief Executive Officer also said the economic conditions are still challenging.
Goldman Sachs is a New York City-based investment bank.
Key Financial Stats
Valuation
- Price/Earnings(TTM)7.70
- Price/Cash Flow6.90
- Price/Sales (TTM)1.60
- Price/Book1.19
Financial Strength
- Quick Ratio (MRQ)-
- Current Ratio (MRQ)-
- LT Debt to Equity (MRQ)2.67
- Total Debt to Capital (MRQ)3.26
- Return on Equity18.30
Assets
- Asset Turnover0.10
- Asset per Employee-
- Inventory Turnover-
Per Share Data
- Earnings (TTM)20.01
- Current P/E Ratio-
- Cash Flow22.43
- Annual Dividend1.40
- Book Value129.67
- EBITDA49.80
Profitability
- Market Cap20.01
- Gross Margin (TTM)-
- Operating Margin (TTM)49.80
- Profit Margin (TTM) 24.70
Management Effectiveness
- Return on Equity (TTM)18.30%
- Return on Assets (TTM)1.40%
- Return on Investment (TTM)4.80%
