Goldman Sachs: Q1 EPS up 32%

(CercleFinance.com) - Goldman Sachs reports Q1 2024 net income of $4.
13bn, representing EPS that is up 32% y-o-y at $11.58, with an annualized ROE (return on equity) of 14.8%.

Net revenues rose by 16% to just over $14.2bn, with positive contributions from all segments, while operating expenses increased by only 3%, enabling a strong improvement in the efficiency ratio to 60.9%.

Within its core Global Banking and Markets division, Goldman Sachs reported strong performances in investment banking fees (+32%), FICC (fixed income, currencies, commodities) and equities (+10%).


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