New York, NY – The Goldman Sachs Group, Inc. reported its financial results for the year ended December 31, 2023. The company disclosed net revenues of $46.25 billion and net earnings of $8.52 billion during this period. In the fourth quarter of 2023, net revenues were $11.32 billion and net earnings were $2.01 billion.
For the same time frame, diluted earnings per common share (EPS) amounted to $22.87, with a fourth-quarter EPS of $5.48. Return on average common shareholders’ equity (ROE) for the year was 7.5%, while the fourth quarter saw an annualized ROE of 7.1%.
Furthermore, Goldman Sachs unveiled its simplified strategy and outlined key objectives for 2024 and beyond. These include optimizing their operations to provide excellent service to clients, running world-class and differentiated businesses, and making investments to operate at scale.
David Solomon, Chairman and CEO of Goldman Sachs, expressed confidence in the progress made in 2023 and the foundation it has established for the company’s future success. With a focus on client service, strengthening their client franchise, and generating shareholder value, Solomon highlighted the firm’s relentless commitment to these strategic goals.
To learn more about the financial figures and details, interested parties can access the Full Year and Fourth Quarter 2023 Earnings Results and the accompanying Earnings Results Presentation on Goldman Sachs’ website.
The execution of Goldman Sachs’ narrowed strategic focus and the FDIC special assessment fee had an impact on the company’s results for the full year and fourth quarter. These factors reduced net earnings by $2.8 billion and $283 million, EPS by $8.04 and $0.83, and annualized ROE by 2.6 and 1.0 percentage points, respectively.
A conference call, open to the public, will take place at 9:30 am (ET) to discuss the financial results, outlook, and other related matters. Individuals who wish to join the call can dial the provided numbers, ensuring they do so at least 10 minutes before the start. Alternatively, an audio webcast of the call will be available on Goldman Sachs’ Investor Relations section of their website.
For any inquiries regarding access to the conference call, individuals can reach out to Goldman Sachs Investor Relations via email.
Goldman Sachs, a leading financial institution, has posted its financial results for the year 2023, revealing strong net revenues and earnings. With a clear and simplified strategy, the company is well-positioned to achieve its goals in 2024 and continue delivering for its clients and shareholders.