Goldman Sachs Group, Inc. (the) · NYSE:GS
Goldman Sachs Group, Inc. (the) — Q3 2024 Earnings Presentation
15 slides from Goldman Sachs Group, Inc. (the)'s earnings presentation, Oct 15, 2024
Slide 1: Third Quarter 2024 Earnings Results Presentation
Exhibit 99.2 Third Quarter 2024 Earnings Results Presentation October 15, 2024
Slide 2: Results Snapshot
Results Snapshot Net Revenues Net Earnings EPS 3Q24 $12.70 billion 3Q24 $2.99 billion 3Q24 $8.40 3Q24 YTD $ 3 9 . 6 4 bi llion 3Q24 YTD $ 1 0 . 1 7 bi l l i on 3Q24 YTD $28. 64 1 1 Annualized ROE Annualized ROTE Book Value Per Share 3Q24 10.4% 3Q24 11.1% 3Q24 $332.96 3Q24 YTD 12.0% 3Q24 YTD 12.9% YT
Slide 3: Financial Overview
Financial Overview Financial Results Financial Overview Highlights vs.n 3Q24 results included EPS of $8.40 and ROE of 10.4% vs. vs. 3Q24 3Q23 $ in millions, — 3Q24 net revenues were higher YoY, reflecting higher net revenues in Global Banking & except per share amounts 3Q24 2Q24 3Q23 YTD YTD Markets
Slide 4: Global Banking & Markets Financial Results
Global Banking & Markets Financial Results Global Banking & Markets Highlights vs.n 3Q24 net revenues were higher YoY vs. vs. 3Q24 3Q23 — Investment banking fees reflected significantly higher net revenues in Debt underwriting, $ in millions 3Q24 2Q24 3Q23 YTD YTD higher net revenues in Equity under
Slide 5: Global Banking & Markets – Net Revenues
Global Banking & Markets – Net Revenues Net Revenues Global Banking & Markets Net Revenues Highlights vs.n 3Q24 Investment banking fees were significantly higher YoY vs. vs. 3Q24 3Q23 — Advisory net revenues were slightly higher $ in millions 3Q24 2Q24 3Q23 YTD YTD — Equity underwriting reflected an
Slide 6: Asset & Wealth Management Financial Results
Asset & Wealth Management Financial Results Asset & Wealth Management Highlights vs.n 3Q24 net revenues were higher YoY vs. vs. 3Q24 3Q23 — Management and other fees primarily reflected the impact of higher average AUS $ in millions 3Q24 2Q24 3Q23 YTD YTD — Incentive fees were driven by harvesting M
Slide 7: Asset & Wealth Management – Assets Under Supervision
Asset & Wealth Management – Assets Under Supervision 3 3 AUS Highlights AUS by Asset Class n During the quarter, AUS increased $169 billion to a record $3.10 trillion $ in billions 3Q24 2Q24 3Q23 — Net inflows across all asset classes, particularly in liquidity products and fixed income $ 328 $ 314
Slide 8: Asset & Wealth Management – Alternative Investments
Asset & Wealth Management – Alternative Investments 3 3 Alternative Investments Highlights On-Balance Sheet Alternative Investments n 3Q24 Management and other fees from alternative investments were $527 million, down 3% $ in billions 3Q24 compared with 3Q23, reflecting lower placement fees, partial
Slide 9: Platform Solutions Financial Results
Platform Solutions Financial Results Platform Solutions Highlights vs.n 3Q24 net revenues were lower YoY vs. vs. 3Q24 3Q23 — Consumer platforms reflected lower net revenues from the GM credit card program, including $ in millions 3Q24 2Q24 3Q23 YTD YTD a loss related to the planned transitioning of
Slide 10: Loans and Net Interest Income
Loans and Net Interest Income 3 3 Loans by Segment ($ in billions) Loans and Net Interest Income Highlights n 3Q24 loans increased QoQ $192 — Gross loans by type: $188 billion - amortized cost, $6 billion - fair value, $3 billion - held for $184 $178 sale — Average loans of $189 billion Global Banki
Slide 11: Expenses
Expenses Financial Results Expense Highlights n 3Q24 total operating expenses were lower YoY vs. vs. vs. 3Q24 3Q23 — Decreases due to: 3Q24 2Q24 3Q23 YTD YTD $ in millions o A write-down of intangibles related to GreenSky in 3Q23 (in depreciation and amortization) Compensation and benefits $ 4,122 (
Slide 12: Capital and Balance Sheet
Capital and Balance Sheet 3 3 Capital and Balance Sheet Highlights Selected Balance Sheet Data n Standardized CET1 capital ratio and Advanced CET1 capital ratio both decreased QoQ, primarily reflecting an increase in credit and market RWAs, partially offset by an increase in CET1 capital $ in billio
Slide 13: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current con
Slide 14: Footnotes
Footnotes 1. Annualized return on average common shareholders’ equity (ROE) is calculated by dividing annualized net earnings applicable to common shareholders by average monthly common shareholders’ equity. Annualized return on average tangible common shareholders’ equity (ROTE) is calculated by di
Slide 15: Footnotes - Continued
Footnotes - Continued 5. Includes consolidated investment entities (CIEs) and other legacy investments the firm intends to exit over the medium term (refers to a 3-5 year time horizon from year-end 2022). 6. Consists of AUS, brokerage assets and Marcus deposits. 7. Includes CIEs and other investment