Goldman Sachs Reports First Quarter Earnings Per Common Share of $5.15 and Increases the Quarterly D
Goldman Sachs press release April 18, 2017 ------- The Goldman Sachs Group, Inc. (NYSE: GS) reported net revenues of $8.03 billion and net earnings of $2.26 billion for the first quarter ended March 31, 2017. Diluted earnings per common share were $5.15 compared with $2.68 for the first quarter of 2016 and $5.08 for the fourth quarter of 2016. Annualized return on average common shareholders’ equity (ROE) was 11.4% for the first quarter of 2017. Goldman Sachs ranked first in worldwide announced mergers and acquisitions for the year-to-date. The firm also ranked first in worldwide equity and equity-related offerings and common stock offerings for the year-to-date. Investing & Lending generated net revenues of $666 million from debt securities and loans, its highest quarterly performance in nearly four years. Book value per common share increased by 1.4% during the quarter to $184.98. The firm maintained strong capital ratios and liquidity. The firm’s Common Equity Tier 1 ratio as calculated in accordance with the Standardized approach and the Basel III Advanced approach was 14.2% and 12.9%, respectively, and the firm’s global core liquid assets were $222 billion as of March 31, 2017. To get more in depth information click on the picture below to read the release.