Goldman Sachs reports Q3 EPS $5.47, consensus $5.31

Reports Q3 revenue $11.82B, consensus $11.19B. Annualized return on average common shareholders’ equity was 7.1% for the third quarter of 2023 and 7.6% for the first nine months of 2023. Annualized return on average tangible common shareholders’ equity was 7.7% for the third quarter of 2023 and 8.2% for the first nine months of 2023. Chairman and CEO David Solomon said, “We continue to make significant progress executing on our strategic priorities and we’re confident that the work we’re doing now provides us a much stronger platform for 2024. I also expect a continued recovery in both capital markets and strategic activity if conditions remain conducive. As the leader in M&A advisory and equity underwriting, a resurgence in activity will undoubtedly be a tailwind for Goldman Sachs.”