Goldman Sachs Group, Inc. (GS) reported Tuesday that net earnings applicable to common shareholders for the third quarter surged to $2.78 billion or $8.40 per share from $1.88 billion or $5.47 per share in the prior-year quarter.
On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $6.89 per share for the quarter. Analysts' estimates typically exclude special items.
Provision for credit losses for the quarter was $397 million, compared to just $7 million last year.
Total net revenues for the quarter grew 7 percent to $12.70 billion from $11.82 billion in the same quarter last year. Analysts expected revenue of $11.80 billion for the quarter.
Net interest income for the quarter surged 70 percent to $2.62 billion, while total non-interest revenues decreased 2 percent to $10.08 billion from last year.
On Friday, the Board of Directors of The Goldman Sachs Group, Inc. declared a dividend of $3.00 per common share to be paid on December 30, 2024 to common shareholders of record on December 2, 2024.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.