NEW YORK, January 16, 2024 – Goldman Sachs Group, Inc. announced… (NYSE: GS) today reported net revenues of $46.25 billion and net profits of $8.52 billion for the year ending December 31, 2023. Net revenues were $11.32 billion and net profits of $2.01 billion for the fourth quarter of 2023. 2023.
Diluted earnings per common share (EPS) were $22.87 for 2023 and were $5.48 for the fourth quarter of 2023. Return on average common stockholders’ equity (ROE) was 7.5% for 2023 and annualized ROE was 7.1% for the fourth quarter of Year 2023.
Goldman Sachs also provided an update on the progress of the company’s streamlined strategy, setting out key goals for 2024 and beyond. These include:
- Dedicate One Goldman Sachs to customer service excellence;
- Manage a distinguished, robust, world-class business; And
- Investment to operate on a large scale.
“This has been a year of execution for Goldman Sachs,” said David Solomon, Chairman and CEO of Goldman Sachs. “With everything we achieved in 2023 combined with our clear, streamlined strategy, we have a much stronger platform for 2024. Our strategic goals underscore our continued commitment to serving… Our customers with excellence, further strengthen our customers’ leading franchise and continue to provide services to shareholders.”
Please see printable versions of Full-year and fourth-quarter 2023 earnings results (PDF) and View full-year and fourth-quarter 2023 earnings results (PDF).
Select items related to the execution of Goldman Sachs’ narrow strategic focus, as well as FDIC special valuation charges, impacted the company’s full-year and fourth-quarter results. For 2023, these items reduced net earnings by $2.8 billion, earnings per share by $8.04, and return on equity by 2.6 percentage points. For Q4 2023, these items reduced net earnings by $283 million, earnings per share by $0.83, and annualized ROE by 1.0 percentage points.
A conference call to discuss the Company’s financial results, outlook and related matters will be held at 9:30 a.m. (Eastern Time). The invitation will be open to the public.
Members of the public who wish to listen to the conference call should call +1-888-205-6786 (in the US) and the pass number +1-323-794-2558 (outside the US) 7042022. The number must be dialed At least 10 minutes before the start of the conference call. The conference call will also be accessed as an audio webcast through the Investor Relations Department at www.goldmansachs.com/investor-relations. There is no charge to access the call. For those who cannot listen to the live broadcast, a rebroadcast will be available on our website starting approximately three hours after the event.
Please direct any questions regarding access to the Goldman Sachs Investor Relations Conference Call via email at gs-investor-relations@gs.com.