Goldman Sachs (GS) Tops Q2 EPS by $4.79

(Updated - July 13, 2021 7:26 AM EDT)

Goldman Sachs (NYSE: GS) reported Q2 EPS of $15.02, $4.79 better than the analyst estimate of $10.23. Revenue for the quarter came in at $15.39 billion versus the consensus estimate of $12.17 billion.

• Strong overall firm performance continued in the second quarter as results reflected the second highest quarterly net revenues of $15.39 billion, the second highest quarterly net earnings of $5.49 billion and the second highest quarterly diluted EPS of $15.02.
• Investment Banking generated its second highest quarterly net revenues of $3.61 billion, which followed record net revenues in the first quarter of 2021. Quarterly net revenues were also the second highest in each of Financial advisory, Equity underwriting and Debt underwriting. The backlog2 increased significantly compared with the end of 2020, ending the quarter at a record level.
• The firm ranked #1 in worldwide announced and completed mergers and acquisitions, worldwide equity and equity-related offerings, common stock offerings and initial public offerings for the year-to-date.3  Global Markets generated quarterly net revenues of $4.90 billion, reflecting solid client activity across both Fixed Income, Currency and Commodities (FICC) and Equities.
•  Asset Management generated record quarterly net revenues of $5.13 billion, reflecting record quarterly net revenues from Equity investments.
• Consumer & Wealth Management generated record quarterly net revenues of $1.75 billion.
• Firmwide assets under supervision2,4 increased $101 billion during the quarter, including long-term net inflows of $22 billion, to a record $2.31 trillion. Firmwide Management and other fees were a record $1.84 billion for the second quarter of 2021.  Book value per common share increased by 5.6% during the quarter and 12.2% during the first half of 2021 to $264.90.
• On July 12, 2021, the Board of Directors of The Goldman Sachs Group, Inc. approved a 60% increase in the quarterly dividend to $2.00 per common share beginning in the third quarter of 2021.

For earnings history and earnings-related data on Goldman Sachs (GS) click here.

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