Goldman Sachs Group, Inc. announced its financial results for the year ending December 31, 2024. The firm reported net revenues of $53.51 billion and net earnings of $14.28 billion for the year. For the fourth quarter alone, net revenues reached $13.87 billion with net earnings at $4.11 billion.
The company's diluted earnings per common share were recorded at $40.54 for the full year and $11.95 for the fourth quarter of 2024. The return on average common shareholders’ equity was 12.7% for the entire year, with an annualized rate of 14.6% in the last quarter.
David Solomon, Chairman and CEO of Goldman Sachs, commented on these results stating: “We are very pleased with our strong results for the quarter and the year.” He highlighted that they met or exceeded most targets set five years ago as part of a strategy to grow the firm.
Goldman Sachs also provided an update on its simplified strategy along with key objectives planned for 2025 and beyond.
A conference call to discuss these financial outcomes is scheduled at 9:30 am (ET) today and will be open to public participation through phone lines and webcast via their website.