Goldman Sachs Group Inc Q3 2020 Earnings Call Summary - Thomson StreetEvents

Goldman Sachs Group Inc Q3 2020 Earnings Call Summary

Goldman Sachs Group Inc Q3 2020 Earnings Call Summary - Thomson StreetEvents
Goldman Sachs Group Inc Q3 2020 Earnings Call Summary
Published Oct 14, 2020
24 pages (14089 words) — Published Oct 14, 2020
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Brief of GS.N earnings conference call or presentation 14-Oct-20 1:30pm GMT

  
Brief Excerpt:

...A. Overview: Net revenues $10.8b. 1. Up 30% YoverY. a. 2. Strength and breadth of client franchise continued to be evident, as Co. delivered: Net earnings $3.6b. a. b. Quarterly EPS, $9.68; record. c. ROE 17.5%. d. Return on tangible equity, 18.6%. 3. Results contributed to strong YTD revenues of $33b and ROE of 8%. Litigation costs burdened YTD returns by over 500 BP. a. i. Returns were impacted by higher reserve build for credit losses in 1H. 4. Continued to demonstrate strength of diversified business. Benefited from improving market backdrop, high levels of client engagement, continued countercyclical performance in market making and positive momentum across strategic initiatives. a. 5. Maintained leading global position in M&A, as announcements increased from relatively dormant period earlier in year. Maintained strong league table positions [of] underwriting including Number 1 ranking in equity underwriting and Top 3 ranking in high yield with both markets very active during qtr....

  
Report Type:

Brief

Source:
Company:
Goldman Sachs Group Inc
Ticker
GS.N
Time
1:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Goldman Sachs Group Inc Q3 2020 Earnings Call Summary" Oct 14, 2020. Alacra Store. May 14, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2020-Goldman-Sachs-Group-Inc-Earnings-Call-B13434973>
  
APA:
Thomson StreetEvents. (2020). Goldman Sachs Group Inc Q3 2020 Earnings Call Summary Oct 14, 2020. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2020-Goldman-Sachs-Group-Inc-Earnings-Call-B13434973>
  
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