Catenaa, Friday, January 17, 2025 – Goldman Sachs announced a strong performance for 2024, with net revenues of $53.51 billion and net earnings of $14.28 billion.
The firm’s fourth-quarter results also exceeded expectations, reporting net revenues of $13.87 billion and net earnings of $4.11 billion.
For the full year, diluted earnings per share (EPS) were $40.54, while Q4 EPS stood at $11.95. The firm’s return on equity (ROE) was 12.7% for the year, and annualized ROE for the fourth quarter reached 14.6%.
Goldman Sachs Chairman and CEO David Solomon expressed satisfaction with the firm’s growth, noting a nearly 50% increase in revenues compared to the previous year. Solomon highlighted that the firm had met or exceeded almost all targets set in its five-year strategy, which emphasized long-term growth and strengthened the durability of its business model.
Looking ahead, Solomon outlined key objectives for 2025, focusing on maintaining excellence in client service, running differentiated and durable businesses, and investing to scale operations.
A conference call scheduled for 9:30 a.m. (ET) will provide further details on the financial results, future outlook, and progress in the firm’s strategy.
Goldman Sachs’ strong results reflect growing confidence in the operating environment, bolstering its position as a leading player in the financial sector.
