Goldman Sachs Group: Q3 Earnings Insights

Shares of Goldman Sachs Group GS moved higher by 3% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 102.09% year over year to $9.68, which beat the estimate of $5.57.

Revenue of $10,781,000,000 up by 29.53% year over year, which beat the estimate of $9,460,000,000.

Outlook

Goldman Sachs Group hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Oct 14, 2020

Time: 09:30 AM

ET Webcast URL: https://www.goldmansachs.com/investor-relations/presentations/index.html

Technicals

Company's 52-week high was at $250.46

Company's 52-week low was at $130.85

Price action over last quarter: down 0.80%

Company Overview

Goldman Sachs is a leading global investment banking firm whose activities are organized into investment banking (20% of net revenue), global markets (40% of net revenue), asset management (25% of net revenue), and consumer and wealth management (15% of net revenue) segments. Approximately 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa. In 2008, Goldman reorganized itself as a financial holding company regulated by the Federal Reserve System.