Goldman Sachs Group, Inc. (the) · NYSE:GS
Goldman Sachs Group, Inc. (the) — Q4 2020 Earnings Presentation
14 slides from Goldman Sachs Group, Inc. (the)'s earnings presentation, Jan 19, 2021
Slide 1: Full Year and Fourth Quarter 2020 Earnings Results Presentation
Exhibit 99.2 Full Year and Fourth Quarter 2020 Earnings Results Presentation January 19, 2021Exhibit 99.2 Full Year and Fourth Quarter 2020 Earnings Results Presentation January 19, 2021
Slide 2: Financial Overview
Financial Overview Financial Results Financial Overview Highlights n 4Q20 results included EPS of $12.08 and ROE of 21.1% $ in millions, vs. vs. vs. except per share amounts 4Q20 3Q20 4Q19 2020 2019 — 4Q20 net revenues were higher YoY, reflecting higher net revenues across all segments, with particu
Slide 3: Investment Banking Financial Results
Investment Banking Financial Results Investment Banking Highlights vs. vs. vs.n 4Q20 net revenues were significantly higher YoY $ in millions 4Q20 3Q20 4Q19 2020 2019 — Financial advisory net revenues reflected an increase in completed mergers and acquisitions transactions Financial advisory $ 1,091
Slide 4: Global Markets Financial Results
Global Markets Financial Results Global Markets Highlights vs. vs. vs. n 4Q20 net revenues were significantly higher YoY $ in millions 4Q20 3Q20 4Q19 2020 2019 — FICC net revenues reflected higher intermediation net revenues, while financing net revenues were essentially unchanged FICC $ 1,878 -25%
Slide 5: Global Markets – FICC & Equities
Global Markets – FICC & Equities FICC Net Revenues Equities Net Revenues vs. vs. vs. vs. vs. vs. $ in millions $ in millions 4Q20 3Q20 4Q19 2020 2019 4Q20 3Q20 4Q19 2020 2019 $ 1,796 23% 83% $ 6,989 60% FICC intermediation $ 1,498 -31% 8% $ 9,991 66% Equities intermediation Equities financing 591 1%
Slide 6: Asset Management Financial Results
Asset Management Financial Results Asset Management Highlights vs. vs. vs.n 4Q20 net revenues were higher YoY $ in millions 4Q20 3Q20 4Q19 2020 2019 — Management and other fees (from institutional and third-party distribution asset management clients) reflected the impact of higher average AUS, part
Slide 7: Asset Management – Asset Mix
Asset Management – Asset Mix 4 4 Equity Investments of $20 billion Lending and Debt Investments of $31 billion $17 Billion Private, $3 Billion Public 5% 12% 7% By Vintage By Region 7% 31% 33% 51% 8% 2017-present Americas By Industry Loan Portfolio $17 billion 34% 31% Loans 2014-2016 Asia 17% 33% 18%
Slide 8: Consumer & Wealth Management Financial Results
Consumer & Wealth Management Financial Results Consumer & Wealth Management Highlights vs. vs. vs.n 4Q20 net revenues were higher YoY $ in millions 4Q20 3Q20 4Q19 2020 2019 — Wealth management net revenues were higher Management and other fees $ 1,035 8% 7% $ 3,889 12% o Management and other fees pr
Slide 9: Firmwide Assets Under Supervision
Firmwide Assets Under Supervision 2,4 2,4 Firmwide Assets Under Supervision Assets Under Supervision Highlights By Segment vs. vs. n Firmwide AUS increased $286 billion in 2020 to a record $2.15 trillion, including Asset $ in billions 4Q20 3Q20 4Q19 3Q20 4Q19 Management AUS increasing $232 billion a
Slide 10: Net Interest Income and Loans
Net Interest Income and Loans 4 Loans Net Interest Income by Segment ($ in millions) Metrics $4,751 $ in billions $4,362 4Q20 3Q20 4Q19 Corporate $ 49 $ 52 $ 46 3.7% $2,016 33 30 28 ALLL to Total Wealth management $1,661 Gross Loans, at $1,410 $1,084 $1,065 Amortized Cost Commercial real estate 20 1
Slide 11: Expenses
Expenses Expense Highlights Financial Results n 2020 total operating expenses increased YoY vs. vs. vs. 4Q20 3Q20 4Q19 2020 2019 $ in millions — Significantly higher net provisions for litigation and regulatory proceedings — Higher compensation and benefits expenses (reflecting improved financial pe
Slide 12: Capital and Balance Sheet
Capital and Balance Sheet 2,4 Capital Capital and Balance Sheet Highlights n Standardized CET1 capital ratio increased YoY 4Q20 3Q20 4Q19 $ in billions — Increase in CET1 capital reflected net earnings in excess of dividends Common Equity Tier 1 (CET1) capital $ 81.6 $ 77.5 $ 74.9 — Decrease in Stan
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. Return on average common shareholders’ equity (ROE) is calculated by dividing net earnings (or annualized net earnings for annualized ROE) applicable to common shareholders by average monthly common shareholders’ equity. Return on average tangible common shareholders’ equity (ROTE) is c