Goldman Sachs reported a significant earnings beat for the first quarter of 2024, with revenues reaching $12.94 billion, a 5.86% increase year-over-year, and earnings per share at $8.80, marking a slight increase of 0.11% from the previous year. The robust performance was driven by strong results in trading and investment banking sectors. Following the announcement, Goldman Sachs's stock experienced a notable surge, increasing by up to 6% during the day. The company's success this quarter was highlighted as its 'cleanest quarter in a while' according to Barclays senior equity analyst Jason Goldberg. Goldman Sachs has set a 5-year target for private credit assets at $300 billion. CEO David Solomon noted the rebound in dealmaking, and the company enters the European earnings season on a positive note.
D-SOL Goldman Sachs CEO @DavidSolomon drops banger 🔥 earnings report! Surge in market activity fuels strong results. $GS got the rhythm of success on all fronts. Standing ovation for these sweet profits on Rebel's Edge 🏴☠️1pm @jonnajarian @petenajarian #financials #earnings… https://t.co/h4y59YIurR
Q1 2024 was $GS's "cleanest quarter in a while," according to Barclays senior equity analyst Jason Goldberg. https://t.co/ytc9UL9gLI
Goldman Sachs shares jumped after a solid earnings and revenue beat. @davidfaber, @saraeisen and @carlquintanilla break down Wall Street's reaction to the bank's most recent quarter. $GS https://t.co/3mndDEApg8
Goldman Soars On "Near-Perfect" Top To Bottom Beat As Solomon Sees Rebound In Dealmaking https://t.co/JJZzd9PKQb
$GS Goldman Sachs shares now up 5% after 1Q24 revenue beat -5Y target for private credit assets is $300 billion -Biggest move higher since 12/14/23 -CEO says we continue to see headwinds, including concerns about inflation https://t.co/saVUz89TkY
*GOLDMAN SACHS SHARES EXTEND JUMP TO 6% AFTER 1Q REVENUE BEAT
$GS (+4.0% pre) Goldman Sachs tops first-quarter estimates fueled by trading, investment banking - CNBC https://t.co/asSVzCaFhH
$GS strong execution on Q1 earnings https://t.co/rMIOOqTmZB
Goldman Sachs shares leap as merger rebound powers Q1 earnings beat https://t.co/Mu9it3yl4q
#BREAKING Goldman Sachs profits jump on strength in trading, merger advising https://t.co/tjiZwyin9n
Goldman Sachs tops first-quarter estimates fueled by trading, investment banking https://t.co/vkDIOykXKX
$GS (+3.75%) Dj Sol and the vampire squids stay winning after Goldman posts huge earnings beats off the back of trading & investment bank business https://t.co/SyumKRBaza
Goldman Sachs enters European earnings season on a positive note https://t.co/gXtM7B0tLc https://t.co/ogaLGR1Shm
Goldman’s Wall Street Machine Revs Up Driving Surprise Profit Surge https://t.co/77TJY1DSjz
Goldman Sachs’s stock soars 3.6% after earnings crush estimates https://t.co/aRzqm6QQ6G
$GS will report earnings. Analysts estimate $12.94B in revenue (+5.86% YoY) and $8.80 in earnings per share (+0.11% YoY). https://t.co/MV22iWXz6k