Goldman Sachs reported net revenues of $14.21 billion for the first quarter of 2024, a 16% increase compared with the same period a year earlier. Net earnings reached $4.13 billion, with earnings per share of $11.58. The firm disclosed the results in its quarterly earnings release on Monday morning.
INVESTMENT BANKING FEES UP 32% WITH TOP M&A LEAGUE TABLE RANKING
Investment banking fees reached $2.08 billion in the first quarter, up 32% compared with the equivalent period of 2023. The firm ranked first in global M&A league tables for the period.
Return on equity for the quarter was 14.8%, with return on tangible equity at 15.9%.
TWENTY-FIFTH CONSECUTIVE QUARTER OF LONG-TERM FEE-BASED INFLOWS
Assets under supervision continued to grow, with the firm recording its 25th consecutive quarter of long-term fee-based net inflows.
The firm's investment banking fees backlog decreased compared with the end of 2023.