Goldman Sachs Group Third Quarter 2024 Earnings: Beats Expectations

Goldman Sachs Group (NYSE:GS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$12.3b (up 4.2% from 3Q 2023).
• Net income: US$2.78b (up 49% from 3Q 2023).
• Profit margin: 23% (up from 16% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: US$8.56 (up from US$5.52 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Goldman Sachs Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 5.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Goldman Sachs Group that you need to take into consideration.

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