Company profile

Ticker
GS
Exchange
CEO
David Michael Solomon
Employees
Incorporated in
Location
Fiscal year end
Former names
Goldman Sachs Group Inc
SEC CIK
IRS number
134019460

GS stock data

(
)

Calendar

5 Aug 19
18 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Net income 2.42B 2.25B 2.54B 2.52B
Diluted EPS 5.81 5.71 6.06 6.28
Net change in cash 3.21B -42.66B 11.68B -12.55B
Cash on hand 91.09B 87.88B 130.55B 118.87B
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Net income 10.46B 4.29B 7.4B 6.08B
Diluted EPS 25.27 9.01 16.29 12.14
Net change in cash 20.5B -11.66B 28.27B 18.41B
Cash on hand 130.55B 110.05B 121.71B 93.44B

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • Net revenues were $9.46 billion for the second quarter of 2019, 2% lower than the second quarter of 2018, primarily reflecting lower net revenues in Investment Management, reflecting significantly lower incentive fees, and Investment Banking, primarily reflecting significantly lower net revenues in debt underwriting. These decreases were partially offset by higher net revenues in Investing & Lending, reflecting significantly higher net gains in public equities and significantly higher net interest income in debt securities and loans.
  • Provision for credit losses was $214 million for the second quarter of 2019, 9% lower than the second quarter of 2018, reflecting lower provisions related to purchased credit impaired (PCI) loans.
  • Operating expenses were $6.12 billion for the second quarter of 2019, essentially unchanged compared with the second quarter of 2018, reflecting lower net provisions for litigation and regulatory proceedings and slightly lower compensation and benefits expenses, offset by higher expenses for technology and consolidated investments.
Content analysis ?
Positive
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Constraining
Legalese
Litigous
Readability
7th grade Avg
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