Goldman Sachs reports Q4 earnings per common share of $5.08Staff Writer | January 18, 2017
The Goldman Sachs Group reported net revenues of $30.61 billion and net earnings of $7.40 billion for the year ended December 31, 2016.
Banking Assets under supervision increased 10%
POST forecast was EPS $5.00, revenue $7.5 billion.
Fourth quarter net revenues were $8.17 billion and net earnings were $2.35 billion. Diluted earnings per common share were $5.08 compared with $1.27 for the fourth quarter of 2015 and $4.88 for the third quarter of 2016. Annualized ROE was 11.4% for the fourth quarter of 2016.
Goldman Sachs ranked first in worldwide announced and completed mergers and acquisitions for the year.
Debt underwriting produced record net revenues of $2.45 billion for the year.
Assets under supervision increased 10% from a year ago to a record $1.38 trillion, with net inflows in long-term assets under supervision of $42 billion during 2016. ■