trending Market Intelligence /marketintelligence/en/news-insights/trending/olY2xs7dooPe8IE5dBo0tA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Goldman Sachs' non-interest revenues fall in Q4'18 YOY

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Goldman Sachs' non-interest revenues fall in Q4'18 YOY

Goldman Sachs Group Inc. on Jan. 16 reported fourth-quarter 2018 net earnings applicable to common shareholders of $2.32 billion, or $6.04 per share, compared to a net loss of $2.14 billion, or $5.51 per share, in the year-ago quarter.

The S&P Global Market Intelligence consensus GAAP estimate for the quarter was $4.71 per share.

Provision for taxes fell to $170 million from $5.04 billion in the year-ago period. Pretax earnings declined year over year to $2.71 billion from $3.11 billion.

Net revenues declined 1% year over year to $8.08 billion as total non-interest revenue fell 2% during the period to $7.09 billion. Investment banking revenues were $2.04 billion for the quarter, down from $2.14 billion in the year-ago quarter. Investment management revenues totaled $1.70 billion in the most recent quarter, up 2% from $1.66 billion in the year-ago period. Net interest income grew 10% during the period to $991 million from $898 million in the fourth quarter of 2017.

Total institutional client services revenues increased 2% year over year to $2.43 billion from $2.37 billion. Fixed income, currency and commodities client execution revenues decreased 18% year over year to $822 million from $1.00 billion. Total equities revenue totaled $1.60 billion in the most recent quarter, up 17% from $1.37 billion in the prior-year quarter.

Total investing and lending revenues declined 2% year over year to $1.91 billion from $1.95 billion.

During the fourth quarter of 2018, the firm repurchased 5.6 million shares of common stock at an average cost per share of $222.30, for a total cost of $1.25 billion.

For full year 2018, the company reported net earnings applicable to common shareholders of $9.86 billion, or $25.27 per share, up from $3.69 billion, or $9.01 per share, in 2017.

The S&P Global Market Intelligence consensus GAAP EPS estimate for 2018 was $23.96.