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# Goldman Sachs Posts Q2 2024 Revenues of $12.7 Billion and Raises Quarterly Dividend to $3.00
- URL: https://www.theglobalbanker.com/goldman-sachs-q2-2024-revenues-12-7-billion-raises-quarterly-dividend/
- Published: 2024-07-15T16:06:00.000Z
- Updated: 2026-10-02T12:57:39.000Z
- Description: Goldman Sachs reported Q2 2024 net revenues of $12.73bn, up 17% year-on-year, with EPS of $8.62 and a dividend increase to $3.00 per share.
- Author: TGB Editorial Team
- Tags: Banking News, Americas, #archive

Goldman Sachs reported second-quarter 2024 net revenues of $12.73 billion on 15 July 2024, a 17% increase from the equivalent period a year earlier, led by its Global Banking and Markets division. Net earnings for the quarter reached $3.04 billion, with earnings per share of $8.62 compared with $3.08 in the second quarter of 2023.

Alongside the earnings announcement, Goldman Sachs confirmed that it was raising its quarterly dividend to $3.00 per share, following the Federal Reserve's annual stress testing exercise. 

#### GLOBAL BANKING AND MARKETS

Goldman Sachs's Global Banking and Markets segment generated revenues of $8.18 billion in the second quarter. The segment encompasses the firm's equities and fixed income trading operations alongside its investment banking franchise.

Investment banking fees within the segment were driven in part by a recovery in leveraged finance activity. 

Trading revenues across the equities and fixed income desks also contributed to the quarter's revenues. 

#### EPS OF $8.62 VERSUS $3.08 A YEAR EARLIER

The EPS of $8.62 for the second quarter compared with the $3.08 recorded in the equivalent period of 2023, when Goldman Sachs absorbed a goodwill impairment related to its consumer platforms business and impairments on consolidated real estate investments as it pivoted away from retail banking. 

The quarterly dividend increase to $3.00 per share was approved by the board on 12 July and is effective from the third quarter.