Goldman Sachs reported robust Q3 2024 financial results, with net revenues rising 7% YoY to $12.7 billion and net earnings surging 45% YoY to $2.99 billion. Diluted earnings per share increased 54% YoY to $8.40, while return on equity improved to 10.4% from 7.1% in Q3 2023. The company maintained a quarterly dividend of $3.00 per share and executed $1.0 billion in share repurchases.Global Banking & Markets demonstrated strong performance with net revenues of $8.55 billion, up 7% YoY, driven by a 20% increase in Investment Banking revenues. Asset & Wealth Management segment posted impressive growth with revenues rising 16% YoY to $3.75 billion, managing $3.1 trillion in assets under supervision. However, Platform Solutions saw a 32% YoY decline in revenues to $391 million.The firm maintains a solid financial position with total assets of $1.73 trillion and a CET1 Capital Ratio of 14.6%. Looking ahead, Goldman Sachs targets a ROE range of 14-16% through the cycle while focusing on strong liquidity and risk management. The company continues to execute its strategy of narrowing consumer-related activities amid ongoing macroeconomic concerns.

Goldman Sachs reported robust Q3 2024 financial results, with net revenues rising 7% YoY to $12.7 billion and net earnings surging 45% YoY to $2.99 billion. Diluted earnings per share increased 54% YoY to $8.40, while return on equity improved to 10.4% from 7.1% in Q3 2023. The company maintained a quarterly dividend of $3.00 per share and executed $1.0 billion in share repurchases.Global Banking & Markets demonstrated strong performance with net revenues of $8.55 billion, up 7% YoY, driven by a 20% increase in Investment Banking revenues. Asset & Wealth Management segment posted impressive growth with revenues rising 16% YoY to $3.75 billion, managing $3.1 trillion in assets under supervision. However, Platform Solutions saw a 32% YoY decline in revenues to $391 million.The firm maintains a solid financial position with total assets of $1.73 trillion and a CET1 Capital Ratio of 14.6%. Looking ahead, Goldman Sachs targets a ROE range of 14-16% through the cycle while focusing on strong liquidity and risk management. The company continues to execute its strategy of narrowing consumer-related activities amid ongoing macroeconomic concerns.