Goldman Sachs Group, Inc. (the) · NYSE:GS
Goldman Sachs Group, Inc. (the) — Q2 2024 Earnings Presentation
15 slides from Goldman Sachs Group, Inc. (the)'s earnings presentation, Jul 15, 2024
Slide 1: Second Quarter 2024 Earnings Results Presentation
Exhibit 99.2 Second Quarter 2024 Earnings Results Presentation July 15, 2024
Slide 2: Results Snapshot
Results Snapshot Net Revenues Net Earnings EPS 2Q24 $12.73 billion 2Q24 $3.04 billion 2Q24 $8.62 2Q24 YTD $ 2 6 . 9 4 bi llion 2Q24 YTD $ 7 . 1 8 bi l l i on 2Q24 YTD $20. 21 1 1 Annualized ROE Annualized ROTE Book Value Per Share 2Q24 10.9% 2Q24 11.6% 2Q24 $327.13 2Q24 YTD 12.8% 2Q24 YTD 13.8% YTD
Slide 3: Financial Overview
Financial Overview Financial Results Financial Overview Highlights vs.n 2Q24 results included EPS of $8.62 and ROE of 10.9% vs. vs. 2Q24 2Q23 $ in millions, — 2Q24 net revenues were higher YoY, reflecting higher net revenues in Global Banking & except per share amounts 2Q24 1Q24 2Q23 YTD YTD Markets
Slide 4: Global Banking & Markets Financial Results
Global Banking & Markets Financial Results Global Banking & Markets Highlights vs.n 2Q24 net revenues were higher YoY vs. vs. 2Q24 2Q23 — Investment banking fees reflected significantly higher net revenues in Debt underwriting, $ in millions 2Q24 1Q24 2Q23 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 2Q24 Investment banking fees were significantly higher YoY vs. vs. 2Q24 2Q23 — Advisory net revenues were slightly higher $ in millions 2Q24 1Q24 2Q23 YTD YTD — Equity underwriting primarily re
Slide 6: Asset & Wealth Management Financial Results
Asset & Wealth Management Financial Results Asset & Wealth Management Highlights vs.n 2Q24 net revenues were higher YoY vs. vs. 2Q24 2Q23 — Management and other fees primarily reflected the impact of higher average AUS $ in millions 2Q24 1Q24 2Q23 YTD YTD — Private banking and lending net revenues r
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 $86 billion to a record $2.93 trillion $ in billions 2Q24 1Q24 2Q23 — Net inflows across all asset classes $ 314 $ 296 $ 267 Alternative investments — Net market appreciatio
Slide 8: Asset & Wealth Management – Alternative Investments
Asset & Wealth Management – Alternative Investments 3 3 Alternative Investments Highlights On-Balance Sheet Alternative Investments n 2Q24 Management and other fees from alternative investments were $548 million, up 5% $ in billions 2Q24 compared with 2Q23 Loans $ 10.2 n During the quarter, alternat
Slide 9: Platform Solutions Financial Results
Platform Solutions Financial Results Platform Solutions Highlights vs.n 2Q24 net revenues were slightly higher YoY vs. vs. 2Q24 2Q23 — Consumer platforms reflected higher average credit card balances and higher average $ in millions 2Q24 1Q24 2Q23 YTD YTD deposit balances, largely offset by the impa
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 2Q24 loans were unchanged QoQ $184 $184 $178 — Gross loans by type: $180 billion - amortized cost, $6 billion - fair value, $3 billion - held for sale — Average loans of $184 billion Global
Slide 11: Expenses Financial Results
Expenses Financial Results Expense Highlights n 2Q24 total operating expenses were essentially unchanged YoY vs. vs. vs. 2Q24 2Q23 — Non-compensation expenses were lower, reflecting: 2Q24 1Q24 2Q23 YTD YTD $ in millions o 2Q23 impairment of goodwill related to Consumer platforms (in depreciation and
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 increased QoQ, primarily reflecting a decrease in credit RWAs $ in billions 2Q24 1Q24 4Q23 n Advanced CET1 capital ratio decreased QoQ, primarily reflecting an increase in
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