| Goldman Sachs
Earnings Call |
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Goldman Sachs Group Earnings Call, Fourth Quarter 2008
17th December 2008 00:00 AM |
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| Widespread asset price declines drove losses, though changes in the competitive landscape are expected to improve ROA going forward. |
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| The banking group had negative revenues of $1.6 billion, down from $11 billion in 2007 on weaker client activity and fee income. Asset prices declines, volatility and illiquidity resulted in a loss of $2.1 billion or $4.97 a share, down from a profit of $3.2 billion or $7.49 a share in 2007. |
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Goldman Sachs Earnings Call, Third Quarter Fiscal 2008
19th September 2008 00:00 AM |
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| Despite the dip in client activity and asset valuations, the company ranked first in global announced and completed M&As for the year-to-date. |
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| The financial services firm reported Q3 net revenues of $6.04 billion and net earnings of $845 million compared with net revenues of $12.33 billion and net earnings of $2.85 billion in the equivalent quarter in 2007. The management reported that Q3 annualized return on average tangible common shareholders’ equity was 8.8% and 16.3% for the first nine months of 2008. Annualized return on average common shareholders’ equity was 7.7% for the quarter and 14.2% for the first nine months of 2008. |
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Goldman Sachs Earnings Call, Second Quarter 2008
21st June 2008 00:00 AM |
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| The firm benefited from strong client franchise, the diverse business model and the deep commitment of employees amidst difficult market conditions. |
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| The leading global investment banking, securities and investment management firm reported net revenues of $9.42 billion and net earnings of $2.09 billion compared with net revenues of $8.34 billion and net earnings of $1.51 billion in the previous quarter. The asset management achieved record quarterly management and other fees of $1.15 billion and assets under management increased 18% from a year ago to a record $895 billion, inclusive of an increase of $22 billion during the quarter. |
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The Goldman Sachs Group First Quarter Earnings Call
20th March 2008 00:00 AM |
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| Earnings fell by half after recording more than $2.5 billion of losses on loans and other assets. |
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| The trading and principal investments revenue fell to $5.12 billion from last year, reflecting the continued turmoil in financial markets this year. Investment banking revenue fell by a third to $1.17 billion, reflecting a slump in debt underwriting and decline in stock offerings. Goldman recorded about $1 billion of net losses on residential mortgage loans and securities, as well as net losses of $1 billion on higher-risk corporate loans and the declining value of its investments. |
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Goldman Sachs Group Fourth Quarter Earnings Call
20th December 2007 00:00 AM |
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| The net income increased 2% over the prior year to $3.22 billion or $7.01, on record performances across each of the company’s businesses. |
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| The leading provider of financial services reported revenue of $10.7 billion as against $10.2 billion in the previous year quarter, on strong revenue in investment banking and asset management. Goldman Sachs once again ranked first in announced M&A globally for calendar 2007 through November. In Q4, assets under management grew 9% to a record $868 billion. In 2007, the firm repurchased 41.2 million shares, representing $9 billion of capital. |
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Goldman Sachs Third Quarter Earnings Call
24th September 2007 00:00 AM |
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| The company earned $2.85 billion, or $6.13 a share, in the third quarter compared to $1.59 billion, or $3.26 a share a year ago. |
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| The investment bank attributed the 79% profit growth to sale of Horizon Wind Energy and the increase in mortgage trading revenue. Total net revenue climbed 63% from a year ago to $12.33 billion. Third-quarter operating expense amounted to $8.08 billion, up 55% from a year ago earlier and up 20% sequentially. |
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