Goldman Sachs' 2023 Earnings:
📈 $Goldman Sachs(GS.US$ Goldman Sachs' 2023 Earnings: $46.25B Revenue, EPS at $22.87! Q4 shines with $11.32B Revenue & $5.48 EPS. $Morgan Stanley(MS.US$ $PNC Financial Services(PNC.US$
Financial Performance:
➡️ Annual Revenue: $46.25 billion, slightly down from 2022, reflecting a mix in Global Banking & Markets offset by gains in Platform Solutions and Asset & Wealth Management.
➡️ Annual EPS: $22.87, impacted by strategic focus shifts and FDIC assessments, down from the previous year.
➡️ Q4 Revenue: $11.32 billion, a 7% increase from Q4 2022, driven by Asset & Wealth Management and Platform Solutions.
➡️ Q4 EPS: $5.48, despite challenges in Global Banking & Markets.
➡️ Annual Revenue: $46.25 billion, slightly down from 2022, reflecting a mix in Global Banking & Markets offset by gains in Platform Solutions and Asset & Wealth Management.
➡️ Annual EPS: $22.87, impacted by strategic focus shifts and FDIC assessments, down from the previous year.
➡️ Q4 Revenue: $11.32 billion, a 7% increase from Q4 2022, driven by Asset & Wealth Management and Platform Solutions.
➡️ Q4 EPS: $5.48, despite challenges in Global Banking & Markets.
Business Segments:
➡️ Global Banking & Markets: Generated $30.00 billion, with strong performances in FICC and Equities.
➡️ Asset & Wealth Management: Reached $13.88 billion in net revenues, setting records in management fees and private banking.
➡️ Assets Under Supervision: Grew by 10% to a record $2.81 trillion.
Strategic Execution:
➡️ Simplified Strategy: Goldman Sachs focuses on client excellence and scalable operations.
➡️ Strategic Priorities: Execution led to the third highest annual net revenues.
CEO Statement:
“This was a year of execution for Goldman Sachs. With our achievements in 2023 and a clear strategy, we are well-positioned for 2024. Our commitment to client excellence and shareholder value remains unwavering.” - David Solomon, Chairman and CEO, Goldman Sachs.
➡️ Global Banking & Markets: Generated $30.00 billion, with strong performances in FICC and Equities.
➡️ Asset & Wealth Management: Reached $13.88 billion in net revenues, setting records in management fees and private banking.
➡️ Assets Under Supervision: Grew by 10% to a record $2.81 trillion.
Strategic Execution:
➡️ Simplified Strategy: Goldman Sachs focuses on client excellence and scalable operations.
➡️ Strategic Priorities: Execution led to the third highest annual net revenues.
CEO Statement:
“This was a year of execution for Goldman Sachs. With our achievements in 2023 and a clear strategy, we are well-positioned for 2024. Our commitment to client excellence and shareholder value remains unwavering.” - David Solomon, Chairman and CEO, Goldman Sachs.
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