Goldman Sachs Reports Q3 2024 Net Revenues of $12.7 Billion with Record Assets Under Supervision

Goldman Sachs delivered third-quarter 2024 net revenues of $12.7 billion on 15 October 2024, a 7% increase compared with the same period a year earlier, as higher investment banking fees and Equities and Asset & Wealth Management revenues more than offset a 12% fall in FICC revenues. Earnings per share reached $8.40 for the quarter, a 54% year-on-year increase.

Assets under supervision reached a record $3.1 trillion in the quarter, helped by $29 billion of long-term net inflows.

GLOBAL BANKING AND MARKETS

Within Goldman's Global Banking and Markets segment, fixed income, currencies and commodities financing revenues reached a record $949 million in the third quarter, driven primarily by mortgages and structured lending. Equities revenues totalled $3.5 billion for the quarter, an 18% increase year-on-year.