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Goldman doesn't Sachs: Q3 EPS way better than forecast

Staff Writer | October 18, 2016
The Goldman Sachs Group reported net revenues of $8.17 billion and net earnings of $2.09 billion for the third quarter ended September 30, 2016.
Goldman Sachs
Goldman Sachs   ROE was 11.2%
Diluted earnings per common share were $4.88 compared with $2.90 for the third quarter of 2015 and $3.72 for the second quarter of 2016.

Annualized return on average common shareholders’ equity (ROE) was 11.2% for the third quarter of 2016 and 8.7% for the first nine months of 2016.

POST expected EPS of $3.82 and revenue of $7.5 billion.

Goldman Sachs ranked first in worldwide announced and completed mergers and acquisitions for the year-to-date.

Assets under supervision increased to a record $1.35 trillion, including net inflows of $14 billion in long-term assets under supervision.

Book value per common share increased by 2.6% during the quarter and 6.0% during the year-todate to $181.25. Basic shares decreased by 1.8% during the quarter to a record low of 418.8 million.

The firm maintained strong capital ratios and liquidity. The firm’s Common Equity Tier 1 ratio as calculated in accordance with the Standardized approach and the Basel III Advanced approach was 14.0% and 12.4%, respectively, and the firm’s global core liquid assets were $214 billion as of September 30, 2016.