Goldman Sachs Reports Full-Year 2024 Net Revenues of $53.5 Billion, Second-Highest EPS on Record

Goldman Sachs reported full-year 2024 net revenues of $53.51 billion on Wednesday, a 16 per cent increase from the prior year, alongside earnings per share of $40.54 — the second-highest figure in the firm's history. Return on equity improved by more than 500 basis points year-on-year to reach 12.7 per cent, the bank disclosed in its fourth-quarter and full-year results.

INVESTMENT BANKING LEADS GLOBAL RANKINGS

Goldman Sachs ranked first globally in both announced and completed mergers and acquisitions advisory for 2024, the bank said in its press release.

The earnings per share figure of $40.54 represents a 77 per cent increase year-on-year.

RETURN ON EQUITY

Return on equity improved from below eight per cent to 12.7 per cent.

Goldman Sachs did not provide formal earnings guidance for 2025 in its results statement. However, the firm said its investment banking fees backlog had increased compared with the end of 2023, and chief executive David Solomon pointed to an improving operating backdrop and growing CEO confidence.