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Tuesday, October 19, 2010

Goldman Sachs Reports Improved Earnings (Financial Performance Charts & Review) *EPS $2.98* GS

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Goldman Sachs reported earnings today, October 19


Goldman Sachs Reports Improved Earnings

Financial charts of Goldman Sachs data and the related commentary have been updated on the Goldman Sachs Financial Performance page for the September Q3 2010 financial results reported today by Goldman Sachs. The charts are:

Goldman Sachs Performance by the Quarters
Earnings per Share
Net Revenues, Operating Income, and Net Income
Operating Margin and Net Margin
Return on Assets
Income Statement Components
Net Revenues and Earnings per Share Growth

Income Statement Q3 Goldman Sachs reported total revenues of $8.9B, net income of $1.9B, and earnings per share of $2.98. From the prior quarter Q2 2010, total revenues were up +0.70%, net income up +209.6%, and earnings per share up +263.4%. From the prior year Q3 2009, these were down -28.0%, -40.5%, and -43.2%, respectively. The operating and net margins rebounded with the improved QoQ results. Most of the increase in net income was due to a decrease in noninterest expenses, operating expenses, from $7.4B in June 2010 to $6.1B in September 2010. Net income increased QoQ from $613M to $1.9B. Therefore, net income and earnings per share improved due to decreased expenses, not from top line growth.

Balance Sheet Q3 Total assets increased QoQ +2.9% to $909B. The capital to assets ratio (total stockholders' equity divided by total assets) is 8.32%, which about average for the most recent 4 quarters. Tier 1 capital was 15.7%, which is adequate and the highest in many quarters.


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