• Safi Bello

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.

Goldman Sachs Reports First Quarter Earnings Per Common Share of $5.15 and Increases the Quarterly Dividend to $0.75 Per Common Share - Read More from Goldman Sachs

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