- Goldman Sachspress release (NYSE:GS): Q2 GAAP EPS of $7.73 beats by $1.04.
- Revenue of $11.86B (-22.9% Y/Y) beats by $1.16B.
- Annualized return on average common shareholders’ equity (ROE) was 10.6% for the second quarter of 2022 and 12.8% for the firsthalf of 2022. Annualized return on average tangible common shareholders’ equity (OTC:ROTE) was 11.4% for the second quarter of 2022 and 13.6% for the first half of 2022.
- Investment Banking generated quarterly net revenues of $2.14 billion, including strong net revenues in Financial advisory.
- Global Markets generated quarterly net revenues of $6.47 billion, reflecting strong performances in both Fixed Income, Currency and Commodities (FICC) and Equities, particularly in financing.
- Consumer & Wealth Management generated record quarterly net revenues of $2.18 billion, 25% higher than the second quarter of 2021.
- Firmwide assets under supervision 3,4 increased $101 billion during the quarter, including inflows of $305 billion from the acquisition of NN Investment Partners (NNIP), to a record $2.50 trillion.
- Firmwide Management and other fees were a record $2.23 billion for the second quarter of 2022, 22% higher than the second quarter of 2021.
- Book value per common share increased by 2.9% during the quarter and 6.2% during the first half of 2022 to $301.88.
- On July 14, 2022, the Board of Directors of The Goldman Sachs Group, Inc. approved a 25% increase in the quarterly dividend to $2.50 per common share beginning in the third quarter of 2022.
- Provision for credit losses was $667 million for the second quarter of 2022, compared with a net benefit of $92 million in the second quarter of 2021 and net provisions of $561 million in the first quarter of 2022.
Goldman Sachs shares rose more than 2% after announcing quarterly results.
